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Full text of "Statistical summary, December 1943- November 1944"

Digitized by the Internet Archive 
in 2013 



http://archive.org/details/statisticalsumma1944bank 



c*s^£\ Government 

-6 ?S 






TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 

I Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Annual Classification of Demand and Notice Deposits 

Public Demand and Notice Deposits in Canada 
Annual Classification of Loans in Canada 

Current Loans to the Public in Canada 



III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S. A 

Yields of Govt. Bonds, Canada, U.K. and U.S. A 

IV Bond Issues and Retirements 

V Bonds Outstanding 

VI Business Activity 

VII Wholesale Prices 

VIII Wage Rates for Certain Types of Labour 

IX Newsprint: North America 

X Merchandise Exports: Commodity Classification 

XI U.S.A. Statistics: 

Banking, Security Market, Production, Income and Prices 





Pages 




1 - 4 




5 - 8 

9 

9 
10 
10 


only 


11 
11 
12 
12 




13 - 14 




14 




15 




15 




16 




16 




17 



18 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



EC. 1943 . JAN. 1944 



Millions of Dollars 



DEC. 1943 - JAN. 194-4 

I — bU 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


T< 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


As 

i 
Liab 


End of 


















1935— Mar. 


51.2 


149.0 


200.2 


18.3 


.4 


45.1 


5.4 


26 


Apr. 


43.5 


163.7 


207.2 


2.4 


.4 


44.1 


5.9 


26 


May 


30.9 


167.0 


197.9 


14.3 


.3 


43.8 


6.5 


26 


June 


28.4 


172.9 


201.3 


19.7 


.4 


47.6 


10.1 


27 


July 


33.1 


169.9 


203.0 


44.4 


.8 


44.4 


6.0 


2S 


Aug. 


30.6 


192.4 


222.9 


23.3 


.6 


49.6 


5.6 


3C 


Sept. 


33.3 


183.8 


217.1 


20.7 


.6 


52.0 


5.9 


2S 


Oct. 


38.7 


190.9 


229.5 


18.3 


.5 


57.5 


6.2 


31 


Nov. 


36.7 


186.7 


223.4 


28.2 


1.0 


58.6 


6.5 


31 


Dec. 


40.6 


181.6 


222.2 


17.9 


.8 


59.1 


7.7 


3( 


1936— Jan. 


34.6 


178.7 


213.3 


33.3 


1.8 


53.5 


5.8 


3( 


Feb. 


30.9 


186.9 


217.8 


24.0 


1.1 


53.8 


6.2 


3( 


Mar. 


32.6 


188.2 


220.8 


21.1 


1..") 


53.0 


6.8 


3( 


Apr. 


34.8 


187.4 


222.2 


23.9 


.3 


55.5 


7.1 


3( 


May 


34.3 


1S5.1 


219.4 


27.2 


1.2 


59.2 


6.9 


31 


June 


34.9 


1S9.5 


224.4 


17.9 


.3 


60.9 


7.0 


3] 


July 


36.0 


1S5.9 


221.9 


19.3 


.3 


64.0 


7.s 


31 


Aug. 


3S.6 


ISO. 7 


219.4 


5.6 


.3 


68.3 


s.o 


3( 


Sept. 


47.0 


173.S 


220.9 


13.6 


.1 


80.8 


12.9 


31 


Oct. 


44.3 


182.9 


227.2 


22.2 


.3 


85.6 


13.0 


3< 


Nov. 


44.2 


214.9 


259.1 


16.8 


1.5 


81.1 


14.5 


3', 


Dec. 


47.9 


1S7.0 


234.8 


18.8 


2.1 


S7.9 


13.4 


31 


1937— Jan. 


44.0 


197.0 


241.1 


23.3 


1.7 


79.5 


11.8 


3! 


Feb. 


38.4 


195.0 


233.4 


30.0 


1.3 


80.9 


12.2 


31 


Mar. 


42.2 


194.3 


236.4 


36.8 


1.5 


83.8 


12.2 


3', 


Apr. 


40.7 


199.5 


240.2 


21.2 


.8 


88.4 


12.7 


3< 


May 


43.7 


190.6 


234.3 


21.5 


.9 


87.4 


12.9 


3< 


June 


43.4 


189.8 


233.3 


14.6 


.5 


89.7 


13.2 


31 


July 


43.6 


182.6 


226.2 


16.9 


.6 


95.3 


13.1 


35. 


Aug. 


50.1 


185.3 


235.4 


26.6 


.6 


98.0 


13.6 


3: 


Sept. 


53.7 


179.1 


233.1 


30.1 


.5 


107.9 


13.7 


3*. 


Oct. 


48.9 


19S.6 


247.5 


31.6 


1.0 


111.5 


13.5 


4( 


Nov. 


51.5 


216.1 


267.7 


28.4 


.6 


104.8 


14.6 


4 


Dec. 


53.9 


196.0 


249.9 


11.1 


3.5 


111.4 


14.4 


3! 


1938— Jan. 


52.2 


199.0 


251.2 


17.8 


1.7 


100.7 


13.0 


3i 


Feb. 


47.2 


1SS.7 


236.0 


20.6 


3.7 


101.9 


13.0 


3' 


Mar. 


46.7 


194.9 


241.5 


25.9 


2.3 


101.9 


13.7 


3; 


Apr. 


4(5.9 


195.S 


242.7 


IS. 2 


2.S 


109.0 


14.7 


31" 


May 


52.2 


1S9.1 


241.3 


27.2 


• 3.1 


103.1 


15.4 


3! 


June 


46.1 


195.4 


241.5 


21.2 


1.6 


108.0 


14.S 


3; 


July 


47.9 


1S7.5 


235.4 


15.2 


2.S 


10S.9 


19.7 


3; 


Aug. 


54.5 


202.2 


256.7 


12.8 


.5 


106.9 


10.2 


3, 


Sept. 


52. 8 


211.5 


264.3 


23.0 


.9 


122.6 


11.1 


4: 


Oct. 


57.4 


228.5 


285.8 


25.4 


1.7 


120.7 


9.6 


4 


Nov. 


56.0 


215.2 


271.2 


30.0 


1.8 


114.7 


9.8 


4: 


Dec. 


56.8 


200.6 


257.5 


16.7 


3.1 


US..") 


9.3 


4< 


1939— Jan. 


54.1 


215.1 


269.1 


14.6 


3.3 


107.3 


9.9 


4< 


Feb. 


50.2 


210.:» 


260.7 


19.8 


3.1 


10S.3 


8.9 


4' 


Mar. 


47.0 


205. (i 


252.6 


20.5 


6.6 


113.1 


ll.l 


4' 


Apr. 


4S.4 


206.2 


254.5 


21.2 


8.6 


116.9 


S.O 


4 


May 


54.7 


205.4 


260.0 


■24.2 


6.4 


111.5 


9..") 


4 


June 


45.1 


204.1 


249.2 


21.9 


4.7 


L20.8 


11.1 


4< 



■fr"Month-end Figures" rather than "Average of Wednesday Figures' which usually appear under this heading. (1) Includes "Othei Securities" 



•EC 


1943 - JAN. 1944 




- 














JANADA* 


















Millions of Dollars 


ASSETS 




1 

Reserve 


Securities 


Advances 


All 

Other 

Accounts 






Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 

Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total" 






















End of 


i 


1.0 


7.4 


115.0 


43.55 


37.1 


115.0 


152.1 


- 


2.2 


Mar.— 1935 


) 


1.3 


4.6 


112.8 


44.39 


25.1 


115.0 


140.1 


3.0 


4.1 


Apr. 


} 


1.2 


10.5 


118.6 


46.29 


22.1 


117.9 


139.9 


- 


4.3 


May 


1 


1.2 


12.7 


120.6 


43.30 


30.5 


119.9 


150.4 


4.2 


3.6 


June 


3 


1.2 


12.0 


193.1 


66.09 


15.2 


80.0 


95.2 


1.2 


8.7 


July 


3 


1.3 


9.0 


190.6 


64.34 


26.2 


80.3 


106.5 


1.2 


3.5 


Aug. 


1 


1.5 


2.7 


185.5 


63.91 


24.7 


79.5 


104.2 


2.8 


3.7 


Sept. 


> 


1.6 


3.5 


186.6 


61.05 


25.9 


80.9 


106.8 


15.7 


2.7 


Oct. 


1 


1.7 


9.0 


192.1 


61.72 


36.4 


84.2 


120.6 


2.2 


2.8 


Nov. 


5 


1.6 


4.2 


186.4 


62.12 


30.9 


83.4 


114.3 


3.5 


3.5 


Dec. 


3 


1.5 


9.8 


191.6 


63.46 


24.8 


80.9 


105.7 


2.2 


8.2 


Jan.— 1936 


6 


1.5 


8.5 


190.5 


64.23 


26.1 


82.5 


108.7 


- 


3.6 


Feb. 


1 


1.6 


7.5 


189.5 


63.93 


29.7 


81.1 


110.8 


- 


2.9 


Mar. 





1.6 


9.4 


191.0 


63.23 


28.6 


82.3 


110.9 


2.0 


5.2 


Apr. 


7 


1.7 


15.3 


196.7 


64.10 


30.6 


80.2 


110.8 


3.0 


3.2 


May 





1.7 


9.8 


191.5 


63.10 


28.0 


83.6 


111.7 


3.0 


4.9 


June 


(3 


1.8 


13.2 


194.5 


63.66 


30.6 


81.3 


111.9 


3.0 


4.0 


July 


5. 


1.8 


2.3 


183.6 


62.53 


31.1 


79.6 


110.7 


3.0 


4.2 


Aug. 


4 


1.9 


3.1 


184.4 


58.46 


46.1 


92.0 


138.1 


3.0 


2.S 


Sept. 


4 


1.9 


8.6 


189.9 


56.64 


55.8 


97.7 


153.4 


1.0 


3.9 


Oct. 


1 


2.0 


17.6 


198.7 


55.42 


66.5 


102.7 


169.2 


- 


5.1 


Nov. 


4 


2.3 


9.1 


190.8 


55.52 


61.3 


99.0 


160.3 


- 


5.9 


Dec. 


5 


2.2 


11.8 


193.5 


56.01 


62.0 


97.8 


159.8 





4.0 


Jan.— 1937 


4 


2.3 


14.6 


196.3 


56.79 


55.2 


101.7 


156.9 


- 


4.7 


Feb. 


9 


2.4 


19.7 


210.0 


58.58 


51.0 


101.8 


152.8 


- 


7.8 


Mar. 


2 


2.4 


11.2 


204.8 


58.42 


50.3 


101.7 


151.9 


- 


6.5 


Apr. 


5 


2.4 


14.6 


204.5 


59.41 


47.2 


100.8 


148.0 


- 


4.6 


May 


5 


2.5 


18.1 


202.1 


59.79 


35.9 


98.3 


144.2 


- 


4.9 


June 


5 


2.5 


19.7 


201.8 


59.52 


36.2 


94.9 


141.1 


- 


0.2 


July 


5 


2.6 


25.8 


207.9 


57.65 


56.0 


93.1 


160.1 


- 


6.2 


Aug. 


5 


2.6 


28.1 


210.2 


56.56 


63.3 


96.1 


170.4 


- 


4.7 


Sept. 


6 


2.6 


26.7 


209.0 


53.37 


82.5 


96.8 


191.5 


- 


4.6 


Oct. 


li 


2.7 


22.2 


204.4 


50.93 


94.8 


97.4 


204.4 


- 


7.1 


Nov. 


8 


3.0 


14.9 


197.6 


52.57 


82.3 


91.6 


186.1 


- 


(i.5 


Dec. 


8 


3.0 


16.8 


199.6 


53.73 


76.3 


90.8 


179.3 





5.5 


Jan.— 1938 


1 


3.0 


19.1 


202.2 


55.84 


68.8 


86.5 


167.5 


- 


5.4 


Feb. 


9 


2.9 


22.2 


205.9 


55.39 


120.0 


41.5 


173.8 


- 


5.S 


Mar. 


7 


1.0 


17.3 


199.0 


53.37 


119.7 


40.0 


172.0 


7.0 


9.6 


Apr. 


7 


- 


31.8 


213.5 


56.97 


122.0 


39.5 


171.2 


- 


5.5 


May 


6 


- 


31.6 


213.2 


57.26 


113.7 


52.2 


166.9 


- 


6.9 


June 


4 


- 


23.5 


203.9 


56.26 


116.3 


52.6 


168.9 


- 


9.2 


July 


1 


- 


27.8 


207.9 


55.14 


121.6 


52.0 


173.7 


- 


5.6 


Aug. 





- 


31.3 


212.4 


51.69 


155.6 


48.2 


203.7 


- 


5.8 


Sept. 


1 


- 


36.4 


217.5 


50.16 


169.7 


45.0 


214.7 


5.0 


6.0 


Oct. 





- 


45.2 


226.2 


54.14 


154.9 


41.0 


195.9 


- 


5.4 


Nov. 


9 


- 


28.4 


214.3 


54.15 


144.6 


40.9 


185.5 


- 


5.2 


Dec. 





_ 


24.7 


216.7 


54.95 


138.3 


42.4 


180.7 


_ 


6.8 


Jan.— 1939 


2 


- 


29.7 


229.8 


58.64 


128.5 


33.8 


162.3 


- 


8.7 


Feb. 





- 


33.3 


236.3 


60.14 


132.7 


27.1 


159.8 


- 


8.2 


Mar. 





- 


31.6 


237.6 


59.18 


135.8 


29.3 


165.2 


- 


7.5 


Apr. 


.6 


- 


34.6 


240.2 


59.73 


114.0 


52.7 


166.7 


- 


4.7 


May 


7 


" 


33.7 


239.4 


60.36 


110.8 


51.2 


162.0 




6.3 


June 



Millions of Dollars 



DEC. 1943 - JAN. 19-f" 
I— I 











LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 
Other 
Accounts j 


1 




Notes 
in Tills 


Deposits 

at 
B.of C. 


Total 


A 

a 


End of 


















1939— July 


53. S 


206.9 


260.7 


29.1 


4.6 


115.9 


9.7 


4 


Aug. 


57.6 


201.3 


259.0 


30.7 


11.2 


122.1 


9.9 


4 


Sept. 


54.0 


221.1 


275.2 


38.2 


11.4 


158.5 


12.8 


4 


Oct. 


65.7 


234.1 


299.8 


39.1 


18.4 


158.7 


13.0 


5 


Nov. 


66.5 


223.6 


290.1 


52.4 


26.1 


155.8 


13.1 


5 


Dec. 


70.6 


217.0 


287.6 


46.3 


17.9 


162.2 


13.3 


5 


1940— Jan. 


64.7 


220.3 


285.0 


57.2 


15.4 


148.4 


13.3 


5 


Feb. 


57.3 


210.5 


267.8 


63.8 


4.7 


151.5 


13.3 


c 


Mar. 


57.3 


202.3 


259.7 


48.0 


10.6 


163.9 


11.9 


4 


Apr. 


61.6 


213.9 


275.5 


32.2 


8.3 


159.6 


14.0 


4 


May 


56.2 


238.3 


294.5 


52.7 


7.5 


174.2 


IS. 2 


5 


June 


58. 6 


208.6 


267.2 


36.6 


4.4 


214.0 


13.9 


5 


July 


77.4 


194.4 


271.9 


24.1 


8.2 


214.3 


12.4 


5 


Aug. 


70.6 


215.5 


286.1 


32.9 


3.6 


235.9 


13.7 


5 


Sept. 


81.8 


231.3 


313.1 


4.4 


10.0 


250.2 


19.1 


5 


Oct. 


82.5 


221.7 


304.2 


62.7 


6.0 


249.9 


15.5 


6 


Nov. 


75.8 


231.2 


307.1 


83.8 


13.8 


259.7 


15.0 


e 


Dec. 


98.3 


217.7 


316.0 


10.9 


9.5 


261.6 


28.5 


6 


1941— Jan. 


78.8 


225.6 


304.3 


26.8 


8.6 


264.7 


20.2 


6 


Feb. 


73.1 


213.1 


286.2 


57.6 


7.1 


279.8 


23.4 


6 


Mar. 


80.6 


208.0 


288.6 


17.1 


8.3 


284.7 


13.4 


f! 


Apr. 


89.3 


228.9 


318.2 


IS. 2 


3.8 


283.3 


14.0 


6 


May 


75.5 


239.8 


315.3 


88.6 


5.4 


303.9 


15.0 


7 


June 


81.9 


200.3 


282.2 


54.5 


10.5 


311.5 


15.0 


i 


July 


91.5 


216.3 


307.8 


33.3 


4.7 


313.2 


16.7 


t 


Aug. 


80.9 


212.9 


293.8 


60.7 


10.0 


341.3 


17.2 


7 


Sept. 


94.1 


207.5 


301.5 


124.6 


6.4 


341.2 


18.2 


7 


Oct. 


S6.4 


231.8 


318.2 


60.3 


2.4 


362.5 


25.7 


7 


Nov. 


88.4 


247.2 


335.6 


53.2 


7.2 


374.6 


20.7 




Dec. 


116.3 


232.0 


348.4 


73.8 


6.0 


379.7 


35.1 


c 


1942— Jan. 


87.8 


200.6 


288.4 


46.6 


18.7 


391.3 


18.7 


~i 


Feb. 


82.6 


236. S 


319.4 


49.4 


11.1 


410.6 


18.2 


i 


Mar. 


99.1 


211.9 


341.1 


118.8 


6.1 


409.8 


16.3 


{ 


Apr. 


99.9 


214.7 


314.6 


104.5 


7.3 


416.8 


22.0 


t 


May 


02.9 


186.0 


278.9 


96.7 


23.4 


435.7 


20.1 


i 


June 


99.0 


221.3 


320.3 


31.3 


26.7 


442.2 


22.4 


i 


July 


90.5 


271.6 


362.1 


26.0 


15.7 


473.3 


33.0 


5 


Aug. 


99.8 


225.1 


325.3 


15.5 


28.1 


492.8 


24.1 


i 


Sept. 


112.6 


246.0 


358.7 


IS. 5 


24.7 


512.S 


21.6 


J 


Oct. 


101.9 


304.6 


406.6 


19.3 


12.2 


555.7 


25.3 1 


( 


Nov. 


115.6 


273.2 


388.8 


24.6 


13.8 


550.7 


25.2 1 


( 


Dec. 


121.1 


259.9 


381.1 


51.6 


19.1 


571'. 5 


24.0 1 


( 


1943— Jan. 


103.2 


237.7 


340.8 


1 4.8 


61.3 


574.4 


26.3 1 


,( 


Feb. 


02.0 


25S.5 


350.4 


21.5 


i:>.:; 


590.7 


17.9 1 


(• 


Mar. 


10S.7 


261. Q 


369.7 


21.2 


24.7 


610.4 


19.4 1 


( 


Apr. 


10S.0 


284.5 


393.1 


50.5 


35.5 


035.5 


42.6 1 


' 


May 


122.0 


313.1 


435.1 


16.8 


34.2 


624.8 


24.4 1 


• 


June 


113.4 


301.1 


414.5 


90.1 


10.2 


645.0 


28.9 1 




July 


104.9 


295.0 


399 9 


4S.4 


13.2 


071.2 


23.7 1 




Aug. 


118.3 


308.6 


426.8 


50.7 


10.3 


67S.4 


31.0 1 




Sept . 


111.1 


305.7 


419.7 


36.2 


11.4 


701.0 


29.1 1 




Oct. 


114.0 


339.2 


453.2 


88.9 


15.6 


72-2.0 


31.7 1 




Nov. 


127.2 


360.6 


487.8 


66.1 


10. 1 


717.4 


33.0 1 




Dec. 


122.9 


340.2 


463.1 


20.5 


17.S 


751.5 


55.4 1 




1944— Jan. 


127.9 (2) 


360.9 


488.8" 


34. S 


22.3 


732.7™ 


33.8 1 


. < 



•k "Month-end Figures'' rather than "Average of Wednesday Figures" which usually appear under this heading. (I) Includes "Oth( i £ l2) 8 

Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances. » 



)EC 


. 1943 - JA 


N. 1944 


















ANADA* 
















Millions of Dollars 








ASSETS 












■ ■ 

Reserve 


Securities 




All 




I 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 

2 yrs. 


Total'" 


Advances 


Other 
Accounts 

























End of 


2 


- 


44.0 


249.1 


60.71 


112.6 


51.4 


163.9 


- 


7.0 


July— 1939 


s 


- 


52.9 


262.6 


62.09 


111.0 


52.1 


163.1 


- 


7.1 


Aug. 


7 


- 


44.4 


270.1 


55.90 


155.1 


63.6 


218.6 


1.0 


6.2 


Sept. 


7 


- 


46.6 


272.2 


52.75 


193.9 


55.0 


248.9 


1.0 


6.9 


Oct. 


7 


- 


60.7 


286,4 


54.60 


199.3 


46.3 


245.6 


- 


5.5 


Nov. 


7 


- 


64.3 


290.0 


56.43 


181.9 


49.9 


231.8 


- 


5.5 


Dec. 


8 


— 


61.2 


287.0 


56.71 


178.9 


47.3 


226.2 


— 


6.1 


Jan.— 1940 


s 


- 


57.5 


283.2 


58.05 


159.1 


53.0 


212.1 


.o 


5.4 


Feb. 


8 


- 


60.7 


286.5 


59.42 


93.4 


104.7 


198.0 


- 


9.5 


Mar. 


8 


- 


42.7 


268.5 


56.45 


101.5 


107.6 


209.1 


- 


12.1 


Apr. 






* 


* 


* 


* 


* 


* 










- 


12.6 


12.6 




417.4 


94.0 


511.4 


1.0 


22.1 


May 




- 


3.3 


3.3 




402.9 


118.5 


521.4 


3.5 


7.8 


June 




- 


5.7 


5.7 




392.2 


123.6 


515.8 


2.5 


6.8 


July 




- 


2.7 


2.7 




430.1 


121.2 


551.3 


1.0 


17.2 


Aug. 




- 


20.3 


20.3 




412.4 


120.7 


533.1 


33.0 


10.4 


Sept. 




-- 


45.1 


45.1 




438.6 


142.3 


580.8 


1.0 


11.2 


Oct. 




- 


83.0 


83.0 




444.6 


141.2 


585.8 


- 


10.5 


Nov. 




- 


38.4 


38.4 




448.4 


127.3 


575.8 


- 


12.4 


Dec. 




- 


31.8 


31.8 




439.5 


132.8 


572.3 


— 


20.7 


Jan.— 1941 




- 


49.5 


49.5 




457.4 


122.4 


579.8 


- 


24.8 


Feb. 




- 


69.5 


69.5 




411.1 


114.5 


525.6 


- 


17.0 


Mar. 




- 


134.0 


134.0 




372.5 


US. 2 


490.6 


- 


12.8 


Apr. 




- 


216.3 


216.3 




375.5 


126.5 


502.0 


- 


9.9 


May 




- 


.5 


.5 




501.5 


142.9 


644.4 


3.3 


25.7 


June 




- 


.5 


.5 




522.3 


138.0 


660.3 


2.5 


12.4 


July 




- 


40.6 


40.6 




519.7 


141.4 


661.1 


2.0 


19.3 


Aug. 




- 


109.3 


109.3 




516.4 


146.3 


662.7 


1.0 


18.9 


Sept. 




- 


42.5 


42.5 




462.2 


234.7 


697.0 


1.5 


28.1 


Oct. 




- 


113.8 


113.8 




428.7 


228.5 


657.1 


- 


20.3 


Nov. 




- 


200.9 


200.9 




391.8 


216.7 


608.5 


- 


33.5 


Dec. 




- 


299.1 


299.1 




245.7 


203.8 


449.5 


— 


14.9 


Jan.— 1942 




- 


377.0 


377.0 




209.5 


204.6 


414.1 


- 


17.6 


Feb. 




- 


276.3 


276.3 




386.6 


209.4 


596.0 


1.0 


18.7 


Mar. 




- 


209.5 


209.5 




413.1 


223.5 


636.5 


- 


19.1 


Apr. 




- 


187.4 


187.4 




430.8 


223.8 


654.6 




12.9 


May 




- 


.9 


.9 




493.7 


322.1 


815.8 


- 


26.2 


June 




- 


33.7 


33.7 




501.0 


338.8 


839.8 


- 


36.7 


July 




- 


1.0 


1.0 




518.7 


351.3 


869.9 


- 


14.7 


Aug. 




- 


.8 


.8 




628.7 


284.7 


913.4 


- 


22.1 


Sept. 




- 


.5 


.5 




797.5 


199.3 


996.8 


1.0 


20.7 


Oct. 




- 


.5 


.5 




780.6 


204.2 


984.8 


2.3 


15.6 


Nov. 




— 


.5 


.5 




807.2 


209.2 


1,016.4 


1.3 


30.1 


Dec. 




- 


.3 


.3 




768.0 


231.8 


999.7 


— 


17.6 


Jan.— 1943 




- 


.3 


.3 




722.2 


263.8 


985.9 


- 


18.5 


Feb. 




- 


.3 


.3 




752.5 


276.4 


1,028.9 


- 


16.2 


Mar. 




- 


.6 


.6 




850.4 


278.0 


1,128.4 


- 


34.2 


Apr. 




- 


11.8 


11.8 




826.1 


302.5 


1,128.6 


- 


24.9 


May 




- 


47.2 


47.2 




816.7 


313.0 


1,129.6 


- 


20.8 


June 




- 


.5 


.5 




800.7 


333.1 


1,133.8 


- 


22.1 


July 




- 


37.6 


37.6 




798.8 


340.8 


1,139.6 


- 


29.2 


Aug. 




- 


31.0 


31.0 




786.7 


360.7 


1,147.4 


- 


19.0 


Sept. 




- 


68.5 


68.5 




787.4 


434.0 


1,221.4 


- 


22.1 


Oct. 




- 


26.5 


26.5 




797.1 


466.7 


1,263.9 


.5 


30.1 


Nov. 




- 


.6 


.6 




787.6 


472.8 


1,260.4 


- 


47.3 


Dec. 




- 


.4 


.4 




799.9 


486.8 


1,286.7 


- 


25.4 


Jan.— 1944 



Wand subsequent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



DEC. 1943 - JAN. 19<fl 

II— CHjJ 



Millions of Dollars 






















'" 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada 


Securities | 




Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total b) 
Deposits 


DOM.- 


PROV. 






Under 2yrs. 


Over 2 yrs. 




End of 






















H 


1935— Jan. 


125 


530 


1,412 


72 


2,027 


315 


2,409 


230 (3) 


421 


374 




Feb. 


126 


516 


1,428 


59 


2,015 


322 


2,405 


230 <3) 


436 


371 




Mar. 


125 


513 


1,447 


47 


2,034 


323 


2,372 


201 


413 


385 




Apr. 


121 


582 


1,452 


52 


2,117 


328 


2,459 


207 


435 


390 




May 


122 


561 


1,446 


56 


2,094 


340 


2,448 


198 


418 


417 




June 


130 


545 


1,426 


68 


2,082 


341 


2,436 


201 


398 


441 




July 


121 


553 


1,428 


51 


2,063 


338 


2,419 


203 


403 


445 




Aug. 


130 


554 


1,434 


77 


2,075 


361 


2,481 


223 


384 


470 




Sept. 


132 


590 


1,444 


97 


2,141 


370 


2,555 


217 


436 


475 




Oct. 


126 


625 


1,465 


60 


2,183 


377 


2,580 


230 


356 


562 




Nov. 


131 


613 


1,474 


86 


2,206 


383 


2,608 


223 


349 


597 




Dec. 


119 


641 


1,486 


53 


2,208 


379 


2,609 


222 


431 


525 




1936— Jan. 


117 


576 


1,499 


69 


2,162 


381 


2,573 


213 


453 


541 




Feb. 


124 


534 


1,517 


101 


2,177 


396 


2,596 


218 


479 


562 




Mar. 


124 


569 


1,532 


96 


2,234 


414 


2,664 


221 


485 


585 




Apr. 


120 


622 


1 ,536 


71 


2,262 


392 


2,676 


222 


486 


592 




May 


123 


578 


1,527 


88 


2,226 


391 


2,633 


219 


493 


588 




June 


123 


622 


1,505 


80 


2,244 


389 


2,656 


224 


405 


680 




July 


119 


619 


1,494 


62 


2,210 


376 


2,606 


222 


409 


679 




Aug. 


124 


626 


1,503 


46 


2,209 


427 


2,657 


219 


403 


680 




Sept. 


116 


648 


1,501 


114 


2,301 


406 


2,727 


221 


394 


713 




Oct. 


118 


664 


1,510 


86 


2,291 


408 


2,723 


227 


462 


* 635 




Nov. 


116 


680 


1 ,547 


42 


2,300 


415 


2,734 


259 


425 


633 




Dec. 


109 


682 


1,548 


72 


2,323 ■ 


418 


2,773 


235 


469 


647 




1937— Jan. 


109 


644 


1,549 


137 


2,283 


405 


2,788 


241 


470 


639 




Feb. 


114 


656 


1,564 


150 


2,319 


421 


2,843 


233 


476 


647 




Mar. 


113 


711 


1,584 


75 


2,393 


423 


2,853 


236 


482 


653 




Apr. 


111 


732 


1,583 


67 


2,420 


418 


2,865 


240 


477 


660 




May 


110 


700 


1,573 


99 


2,410 


420 


2,854 


234 


489 


643 




June 


113 


713 


1 ,570 


96 


2,430 


425 


2,877 


233 


440 


697 




July 


113 


667 


1,572 


83 


2,368 


427 


2,819 


226 


429 


697 




Aug. 


111 


686 


1,578 


80 


2,391 


434 


2,848 


235 


391 


727 




Sept. 


108 


714 


1,575 


83 


2,414 


425 


2,862 


233 


404 


716 




Oct. 


112 


679 


1,584 


70 


2,372 


426 


2,821 


247 


429 


665 




Nov. 


107 


695 


1,570 


86 


2,395 


413 


2,826 


268 


425 


660 




Dec. 


102 


699 


1,583 


53 


2,387 


409 


2,819 


250 


427 


6S4 




1938— Jan . 


98 


640 


1,591 


84 


2,360 


399 


2,783 


251 


■ 447 


690 




Feb. 


102 


634 


1,615 


70 


2,361 


393 


2,783 


236 


444 


696 




Mar. 


100 


648 


1,623 


67 


. 2,379 


399 


2,808 


242 


459 


685 




Apr. 


100 


687 


1,631 


96 


2,445 


398 


2,884 


243 


461 


694 




May 


97 


670 


1,625 


107 


2,438 


404 


2,880 


241 


448 


700 




June 


104 


690 


1,621 


1 is 


2,484 


410 


2,939 


242 


437 


719 




July 


101 


671 


1 ,623 


101 


2,445 


397 


2,862 


235 


422 


717 




Aug. 


99 


687 


1 ,635 


96 


2,460 


400 


2,878 


257 


435 


710 




Sept. 


104 


725 


1,633 ' 


so 


2,492 


12.". 


2,937 


264 


445 


6S4 




Oct. 


101 


749 


1,656 


75 


2.51S 


419 


2,961 


286 


451 


669 




Nov. 


97 


750 


1,655 


94 


2,506 


436 


3,004 


271 


44 S 


693 




Dec. 


95 


734 


1,660 


106 


2,498 


420 


2,986 


257 


469 


693 




1939— Jan . 


90 


700 


1,667 


90 


2,501 


430 


2,954 


269 


464 


697 




Feb. 


94 


690 


1,691 


so 


2,514 


432 


2,974 


261 


4S1 


711 




Mar. 


97 


705 


1,700 


86 


2,538 


452 


3,021 


253 


52S 


671 




Apr. 


95 


716 


1,697 


97 


2,551 


468 


3,050 


255 


511 


692 




May 


90 


684 


1,678 


162 


2,567 


IM 


3,080 


2(H) 


444 


754 




June 


97 


702 


1,680 


159 


2,591 


504 


3,126 


249 


155 


75S 


•i 



(1) Estimated montli-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1°35; Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; alter that date: Bank ol Canada Noti 



)EC. 1943 - JAN. 1944 

BANKS 



Millions of Dollars 



ASSETS 


I 


Loans 


Total 
Assets 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


3 


91 


819 


139 


93 


132 


2,881 


4 


86 


815 


142 


90 


136 


2,880 





SI 


819 


146 


94 


138 


2,845 





81 


823 


157 


77 


144 


2,929 


5 


82 


824 


147 


71 


' 148 


2,915 


8 


85 


831 


124 


67 


156 


2,909 


1 


77 


813 


125 


60 


154 


2,892 


1 


77 


829 


126 


69 


156 


2,963 


3 


76 


839 


126 


60 


147 


3,036 


6 


74 


856 


126 


52 


153 


3,059 


7 


96 


857 


123 


60 


139 


3,092 


5 


83 


820 


125 


65 


145 


3,079 


7 


77 


756 


118 


59 


145 


3,042 


5 


78 


742 


127 


62 


146 


3,073 


5 


77 


733 


131 


69 


140 


3,143 


4 


83' 


725 


136 


66 


142 


3,154 


5 


87 


700 


128 


58 


145 


3,108 


8 


91 


657 


120 


64 


150 


3,135 


7 


91 


650 


119 


58 


147 


3,084 


5 


91 


657 


118 


59 


155 


3,141 





105 


688 


119 


60 


156 


3,205 


3 


109 


70S 


10S 


66 


160 


3,202 


6 


116 


693 


108 


75 


156 


3,207 


4 


114 


075 


115 


75 


162 


3,242 


2 


119 


687 


109 


72 


162 


3,262 


2 


119 


692 


113 


68 


168 


3,329 


7 


124 


694 


120 


76 


172 


3,337 





121 


710 


125 


72 


168 


3,347 


8 


117 


728 


125 


77 


161 


3,334 


2 


116 


728 


125 


70 


159 


3,359 


1 


114 


735 


117 


73 


158 


3,299 


6 


114 


748 


115 


75 


160 


3,326 


6 


100 


771 


112 


64 


172 


3,340 


1 


82 


770 


121 


53 


173 


3,299 


1 


87 


768 


116 


52 


159 


3,293 


1 


76 


749 


113 


60 


166 


3,281 


4 


72 


731 


107 


51 


168 


3,239 





70 


737 


114 


51 


169 


3,245 


8 


63 


752 


118 


51 


169 


3,266 


6 


64 


770 


136 


50 


160 


3,337 


9 


66 


769 


130 


58 


162 


3,332 


2 


69 


786 


135 


53 


181 


3,399 


6 


71 


786 


134 


53 


152 


3,322 





71 


781 


132 


55 


144 


3,334 


1 


60 


829 


136 


45 


143 


3,400 


9 


66 


848 


137 


52 


142 


3,424 


6 


64 


837 


133 


48 


148 


3,455 


3 


65 


806 


134 


51 


152 


3,431 


4 


63 


792 


127 


56 


148 


3,396 


iO 


60 


787 


133 


54 


145 


3,421 


i9 


56 


801 


142 


49 


144 


3,471 


19 


54 


814 


142 


44 


143 


3,496 


>4 


55 


822 


142 


50 


141 


3,521 


!5 


52 


S22 


135 


42 


144 


3,575 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in 

Canada 


Deposits 


Canadian 
Deposits 


Note (si 
Circulation 




231 (3) 


2,038 <4) 


11.3 


155 


Jan .-1935 


232"' 


2,021 <4) 


11.5 


159 


Feb. 


209 


2,021 


10.3 


161 


Mar. 


203 


2,053 


9.9 


165 


Apr. 


196 


2,075 


9.5 


163 


May 


199 


2,095 


9.5 


165 


June 


208 


2,058 


10.1 


166 


July 


218 


2,051 


10.6 


169 


Aug. 


220 


2,077 


10.6 


175 


Sept. 


220 


2,128 


10.3 


1S4 


Oct. 


230 


2,195 


10.5 


182 


Nov. 


222 


2,164 


10.3 


183 


Dec. 


217 


2,142 


10. 1 


165 


Jan .-1936 


217 


2,155 


10.1 


167 


Feb. 


219 


2,186 


10.0 


171 


Mar. 


220 


2,213 


9.9 


175 


Apr. 


223 


2,228 


10.0 


175 


May 


224 


2,203 


10.2 


176 


June 


225 


2,188 


10.3 


178 


July 


221 


2,179 


10.2 


184 


Aug. 


219 


2,237 


9.8 


194 


Sept. 


227 


2,267 


10.0 


197 


Oct. 


247 


2,274 


10.9 


194 


Nov. 


238 


2,284 


10.4 


200 


Dec. 


240 


2,302 


10.4 


181 


Jan .-1937 


238 


2,301 


10.3 


1S4 


Feb. 


238 


2,347 


10.1 


191 


Mar. 


236 


2,364 


10.0 


193 


Apr. 


239 


2,383 


10.0 


195 


May 


237 


2,374 


10.0 


195 


June 


230 


2,373 


9.7 


199 


July 


225 


2,373 


9.5 


203 


Aug. 


235 


2,383 


9.9 


213 


Sept. 


242 


2,371 


10.2 


217 


Oct. 


269 


2,361 


11.4 


213 


Nov. 


251 


2,350 


10.7 


214 


Dec. 


253 


2,337 


10.8 


195 


Jan .-1938 


245 


2,325 


10.5 


196 


Feb. 


242 


2,331 


10.4 


199 


Mar. 


240 


2,382 


10.1 


203 


Apr. 


247 


2,401 


10.3 


199 


May 


243 


2,421 


10.0 


200 


June- 


245 


2,444 


10.0 


201 


July 


254 


2,426 


10.5 


201 


Aug. 


263 


2,442 


10.8 


214 


Sept. 


277 


2,474 


11.2 


220 


Oct. 


279 


2,487 


11.2 


214 


Nov. 


261 


2,473 


10.6 


216 


Dec. 


269 


2,473 


10.9 


195 


Jan. -1939 


260 


2,466 


10.6 


197 


Feb. 


257 


2,485 


10.3 


201 


Mar. 


258 


2,520 


10.2 


204 


Apr. 


261 


2,531 


10.3 


202 


May 


259 


2,537 


10.2 


202 


June 



ige of month-end and preceding month-end figures. 

ered Bank note circulation and Bank of Canada notes in public circulation. 



DEC. 1943 - JAN. wM 



Millions of Dollars 





LIABILITIES 






Notes 


Deposits 


Cash 

in 


Securities 








Dom. 


Canadian 




Total (2 ) 


DOM.- 


PROV. 






Demand 


Time 


and Prov. 


Deposits' 


Foreign 


Deposits 


Canada 

(3) 








Under 2 yrs. 


Over 2 yrs. 


End of 






















1939— July 


93 


694 


1,697 


128 


2,567 


474 


3,072 


261 


446 


761 


Aug. 


93 


705 


1,702 


117 


2,565 


501 


3,100 


259 


443 


744 


Sept. 


100 


763 


1,692 


127 


2,600 


490 


3,144 


275 


446 


733 


Oct. 


95 


822 


1,709 


306 


2,850 


492 


3,402 


300 


617 


736 


Nov. 


93 


866 


1,735 


208 


2,871 


487 


3,427 


290 


681 


682 


Dec. 


90 


853 

848 


1,741 
1,750 


180 
157 


2,850 

2,807 


474 
461 


3,378 
3,328 


288 
284 


671 
690 


682 
671 


1940— Jan. 


86 


Feb. 


90 


766 


1,659 


347 


2,807 


456 


3,327 


268 


647 


699 


Mar. 


92 


750 


1,661 


313 


2,734 


467 


3,262 


260 


606 


704 


Apr. 


89 • 


833 


1,672 


238 


2,753 


467 


3,281 


275 


616 


691 


May 


94 


817 


1,643 


325 


2,768 


441 


3,287 


295 


701 


629 


June 


97 


821 


1,609 


276 


2,702 


437 


3,202 


2(17 


702 


611 


July 


92 


852 


1,613 


210 


2,680 


422 


3,154 


272 


700 


610 


Aug. 


93 


877 


1,634 


177 


2,679 


403 


3,146 


286 


701 


604 


Sept. 


93 


1,004 


1,655 


141 


2,779 


403 


3,264 


313 


708 


601 


Oct. 


92 


941 


1,599 


237 


2,774 


405 


3,252 


304 


716 


567 


Nov. 


91 


962 


1,626 


169 


2,750 


399 


3,221 


307 


700 


579 


Dec. 


84 


1,031 


1,641 


133 


2,805 


405 


3,277 


316 


691 


597 


1941— Jan. 


81 


1,009 


1,668 


195 


2,876 


410 


3,347 


304 


706 


728 • 


Feb. 


82 


1,051 


1,687 


250 


2,983 


410 


3,458 


286 


771 


1 1 i 


Mar. 


83 


1,050 


1,703 


219 


2,958 


411 


3,447 


289 


740 


787 


Apr. 


81 


1,128 


1,708 


228 


3,046 


428 


3,555 


318 


785 


792 


May 


83 


1,105 


1,695 


245 


3,033 


434 


3,541 


315 


767 


794 


June 


84 


984 


1,467 


624 


3,059 


449 


3,587 


282 


598 


842 


July 


83 


1,009 


1,489 


570 


3,049 


440 


3,572 


308 


830 


605 


Aug. 


84 


1,026 


1,522 


483 


3,013 


451 


3,543 


294 


839 


611 


Sept. 


82 


1,110 


1,555 


371 


3,028 


458 


3,558 


302 


832 


023 


Oct. 


82 


1,136 


1,592 


285 


3,002 


460 


3,535 


31S 


724 


683 


Nov. 


79 


1,180 


1,639 


222 


3,043 


454 


3,555 


336 


751 


698 


Dec. 


73 


1,268 


1,669 


167 


3,108 


462 


3,634 


34S 


793 


723 


1942— Jan. 


74 


1,217 


1,720 


159 


3,092 


449 


3,608 


288 


930 


745 


Feb. 


74 


1,271 


1,664 


246 


3,177 


456 


3,700 


317 


954 


769 


Mar. 


74 


1,144 


1,550 


611 


3,302 


473 


3,843 


341 


724 


920 


Apr. 


74 


1,232 


1 ,537 


493 


3,251 


486 


3,820 


315 


707 


934 


May 


74 


1,133 


1,556 


429 


3,106 


496 


3,682 


270 


703 


915 


June 


74 


1,289 


1,598 


234 


3,115 


506 


3,694 


320 


789 


S37 


July 


75 


1 ,352 


1,654 


169 


3,149 


506 


3,747 


3(12 


852 


830 


Aug. 


73 


1,423 


1,700 


189 


3.2S0 


515 


3,898 


325 


1 ,009 


830 


Sept. 


71 


1,527 


1,748 


211 


3,467 


5 IS 


4,075 


359 


1,273 


7S5 


Oct. 


70 


1,609 


1,709 


286 


3,594 


52S 


4,209 


407 


1 ,427 


(170 


Nov. 


05 


1,402 


1,629 


648 


3,673 


538 


4,295 


389 


1,278 


741 


Dec. 


6.2 


1,499 


1,673 


is;, 


3.60S 


545 


4,287 


381 


1 ,202 


739 


1943— Jan. 


60 


1,431 


1,723 


340 


3,435 


555 


4,126 


341 


1 ,263 


743 


Feb. 


58 


1,512 


1,795 


226 


3,466 


550 


4,161 


350 


1,301 


779 


Mar. 


55 


1,659 


1,890 


2 (iS 


3,750 


550 


4,443 


370 


l ,657 


715 


Apr. 


53 


1 ,S00 


1,926 


257 


3,923 


563 


4,628 


393 


1,786 


710 


May 


51 


1,452 


1 ,732 


968 


1,090 


568 


4,799 


135 


1,581 


S30 


June 


50 


1 ,539 


1 ,782 


7S0 


4,064 


583 


4,764 


415 


1 .566 


805 


July 


-IS 


1,476 


1 ,826 


657 


3,940 


587 


4,627 


400 


L.559 


793 1 


Aug. 


47 


1,653 


1,916 


400 


3,940 


621 


4,681 


127 


1 .579 


791 1 


Sept . 


47 


1 ,768 


1,989 


329 


4,062 


596 


4,786 


120 


1,703 


800 


Oct. 


46 


1.S27 


1,961 


319 


4,089 


601 


4,805 


453 


1.7S4 


7S1 


Nov. 


44 


1,619 


1 ,883 


952 


4,427 


623 


5,174 


188 


1,671 


905 


Dec. 


43 


1,697 


1,948 


750 


4,35(1 


(155 


5,149 


463 


1 ,664 


9(13 3 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Bank ol Canada Notes and Deposits. 



EC 1943 - JAN. 1944 

BANKS 

















ASSETS 

i 


i 


Loans 






CANADA 


ABROAD 


Total 

Assets 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


) 


51 


814 


133 


43 


145 


3,520 


1 


49 


826 


130 


42 


141 


3,548 


; 


51 


891 


128 


52 


148 


3,605 


> 


53 


952 


131 


46 


148 


3,852 


5 


56 


973 


129 


45 


143 


3,872 


5 


53 


960 


128 


49 


147 


3,822 


I 


48 


956 


116 


48 


149 


3,769 


i 


57 


982 


122 


49 


146 


3,781 


) 


52 


984 


131 


51 


148 


3,715 


I 


54 


934 


137 


57 


149 


3,732 


J 


44 


938 


125 


40 


143 


3,746 


I 


39 


936 


131 


40 


141 


3,666 


5 


38 


925 


128 


39 


133 


3,617 


i 


38 


940 


122 


38 


131 


3,610 


1 


37 


983 


119 


51 


128 


3,728 


) 


41 


1,024 


113 


43 


126 


3,711 


I 


41 


1,021 


106 


35 


128 


3,682 


1 


40 


999 


109 


42 


131 


3,731 


1 


36 


999 


94 


38 


131 


3,802 


5 


34 


1,006 


97 


39 


133 


3,919 


s 


35 


1,015 


99 


50 


132 


3,910 


9 


31 


1,012 


97 


43 


135 


4,019 


2 


29 


1,032 


100 


42 


134 


4,015 


8 


33 


1,191 


101 


45 


136 


4,068 


1 


34 


1,177 


101 


44 


135 


4,054 


8 


35 


1,154 


101 


50 


133 


4,031 


6 


36 


1,143 


94 


47 


132 


4,053 


3 


37 


1,147 


86 


46 


132 


4,031 





36 


1,129 


90 


42 


128 


4,061 


9 


32 


1,084 


86 


48 


136 


4,137 


6 


31 


1,053 


75 


44 


138 


4,113 





30 


1,055 


80 


46 


140 


4,208 


1 


34 


1,213 


87 


50 


141 


4,352 


9 


32 


1,156 


96 


53 


142 


4,320 


7 


29 


1,115 


100 


62 


139 


4,182 


3 


28 


1,049 


88 


54 


134 


4,195 


8 


26 


1,017 


79 


53 


127 


4,246 


2 


24 


988 


75 


55 


115 


4,390 





27 


978 


72 


58 


116 


4,561 


9 


25 


1,008 


70 


58 


113 


4,690 


4 


29 


1,164 


72 


60 


110 


4,775 


3 


31 


1,100 


68 


74 


113 


4,767 


2 


29 


1,036 


64 


71 


111 


4,602 





29 


979 


65 


86 


105 


4,638 


9 


24 


936 


67 


81 


112 


4,914 


8 


25 


905 


66 


91 


114 


5,091 


8 


33 


1,154 


70 


89 


109 


5,269 


7 


42 


1,148 


67 


67 


103 


5,234 


2 


36 


1,133 


61 


66 


100 


5,100 


1 


35 


1,063 


58 


76 


89 


5,155 


1 


34 


989 


56 


79 


88 


5,264 





38 


985 


53 


76 


91 


5,267 


8 


43 


1,201 


58 


91 


99 


5,639 





48 


1,104 


53 


96 


100 


5,609 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in 
Canada 

(3) 


Deposits 


Canadian 
Deposits 


Note (4) 
Circulation 




259 


2,543 


10.2 


204 


July- 1939 


261 


2 


532 


10.3 


207 


Aug. 


270 


2 


558 


10.6 


233 


Sept. 


289 


2 


710 


10.7 


251 


Oct. 


294 


2 


823 


10.4 


249 


Nov. 


288 


2 


811 


10.3 


253 


Dec. 


290 


2 


780 


10.4 


232 


Jan.- 1940 


273 


2 


791 


9.8 


235 


Feb. 


267 


2 


730 


9.8 


245 


Mar. 


271 


2 


734 


9.9 


244 


Apr. 


282 


2 


722 


10.4 


248 


May 


282 


2 


689 


10.5 


278 


June 


279 


2 


668 


10.5 


301 


July 


285 


2 


654 


10.7 


311 


Aug. 


304 


2 


694 


11.3 


328 


Sept. 


313 


2 


750 


11.4 


337 


Oct. 


306 


2 


733 


11.2 


337 


Nov. 


311 


2 


718 


11.4 


347 


Dec. 


318 


2 


856 


11.1 


330 


Jan .-1941 


294 


2 


930 


10.0 


342 


Feb. 


298 


2 


927 


10.2 


355 


Mar. 


311 


2 


963 


10.5 


362 


Apr. 


309 


3 


007 


10.3 


365 


May 


318 


3 


031 


10.5 


378 


June 


305 


3 


015 


10.1 


386 


July 


308 


3 


007 


10.2 


401 


Aug. 


308 


3 


002 


10.3 


411 


Sept. 


316 


2 


966 


10.6 


423 


Oct. 


340 


2 


995 


11.4 


433 


Nov. 


336 


3 


006 


11.2 


449 


Dec. 


317 


3 


050 


10.4 


438 


Jan .-1942 


314 


3 


125 


10.0 


456 


Feb. 


337 


3 


253 


10.4 


470 


Mar. 


331 


3 


247 


10.2 


477 


Apr. 


307 


3 


136 


9.8 


4SS 


May 


312 


3 


058 


10.2 


496 


June 


361 


3 


057 


11.8 


517 


July 


333 


3 


190 


10.5 


543 


Aug. 


344 


3 


306 


10.4 


568 


Sept. 


370 


3 


495 


10.6 


595 


Oct. 


400 


3 


696 


10.8 


603 


Nov. 


380 


3 


538 


10.7 


619 


Dec. 


371 


3 


491 


10.6 


60S 


Jan .-1943 


373 


3 


441 


10.8 


624 


Feb. 


378 


3 


605 


10.5 


646 


Mar. 


384 


3 


781 


10.2 


666 


Apr. 


446 


3 


976 


11.2 


665 


May 


435 


3 


981 


10.9 


670 


June 


434 


3 


961 


11.0 


688 


July 


425 


3 


896 


10.9 


707 


Aug. 


439 


4 


021 


10.9 


725 


Sept. 


443 


4 


000 


11.1 


745 


Oct. 


484 


4 


322 


11.2 


745 


Nov. 


468 


4 


267 


11.0 


769 


Dec. 



artered Bank note circulation and Bank of Canada notes in public circulation. 



DEC. 1943 - JAN. 194 








ANNUAL 


CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 


II— CHJj 


As at 
October 31 


NUMBER 
Thousands 


AMOUNT 

Millions of Dollars 




1939 


1940 


1941 


1942 


1943 


1939 


1940 


1941 


1942 


1943 


Demand Deposits: 

$1,000 or less 
$1,000 to $5,000 
$5,000 to $25,000 
$25,000 to $100,000 
Over $100,000 
Adjustment Items 


614.0 

53.1 

13.0 

3.0 

.9 


616.7 

57.8 

14.4 

3.2 

1.1 


618.7 

64.7 

16.2 

3.8 

1.3 


616.5 

77.2 

20.0 

4.5 

1.7 


611.9 

94.3 

25.0 

5.1 

2.0 


89.0 
109.2 
132.4 
142.0 
341.2 
+ 7.8 


96.5 
120.5 
145.7 
152.4 
427.8 
-1.6 


105.2 
136.3 
164.2 
178.0 
550.2 
+ 1.5 


118.5 
163.5 
201.7 
213.6 
895.6 
+ 16.2 


132.7 
202.C 
252.1 
240.: 
983.( 
+ 16.C 


Total Demand Deposits 


684.1 


693.2 


704.8 


719.8 


738.3 


821.7 


941.3 


1,135.5 


1,609.1 


1.826.* 


Notice Deposits 

$1,000 or less 
$1,000 to $5,000 
$5,000 to $25,000 
$25,000 to $100,000 
Over $100,000 
Adjustment Items 


3,828.3 

290.2 

40.0 

2.8 

.6 


3,846.1 

268.8 

34.7 

2.4 

.6 


3,951.6 

264.6 

31.3 

2.3 

.6 


4,055.0 

280.6 

31.2 

2.2 

.7 


4,280.4 

342.8 

35.8 

2.4 

.7 


454.9 
588.2 
348.9 
123.3 
190.1 
+ 3.7 


461.2 
537.3 
299.1 
105.7 
190.7 
+ 5.4 


496.3 
522.3 
272.5 
99.6 
195.6 
+ 5.4 


534.6 
548.8 
271.4 
98.9 
247.8 
+ 7.2 


617.: 

671.1 
308. 9 
105.- 
250.? 

+7.; 


Total Notice Deposits 


4,161.9 


4,152.6 


4,250.4 


4,369.7 


4,662,1 


1,709.2 


1,599.5 


1,591.7 


1,708.7 


i,98i.: 



CHARTERED BANKS : PUBLIC DEMAND AND NOTICE DEPOSITS IN CANADA : 1935-43 



BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 




DEC. 1943 - JAN. 1944 
BANKS 

Unce 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 



1U 



Millions of Dollars 



As at October 31 



1939 



1940 



1941 



1942 



1943 



Provincial governments 

Vlunicipal governments and school districts 

Agriculture : 

Farmers loans ; cattle loans ; fruit raisers 

Loans to grain dealers; grain exporters and seed merchants. 
Total Agriculture 



financial : 
Call loans and other accommodation to brokers and dealers. 

Loans to specified institutions 

Loans to individuals against securities 

Total Financial 



VIerchandising ; wholesale and retail 

Vlanufacturers of and dealers in lumber; pulpwood and 

products thereof 

3ther manufacturing of all descriptions 

Mining 

Fishing; including loans to packers and curers of fish 

Public utilities; including transportation companies 

Loans to building contractors and others for building purposes. . . 
Loans to churches; hospitals; charitable and religious institutions 
pther loans 

Total Loans in Canada 



18.5 
112.2 

57.0 
211.4 
268.4 

51.7 

58.8 

109.4 

220.0 

134.0 

56.9 

135.7 

6.4 

7.0 

36.3 

45.8 

19.0 

83.3 



14.6 
99.6 

53.2 
235.9 
289.1 

39.9 

65.3 

102.2 

207.3 

139.1 

45.7 

198.0 

5.7 

7.3 

22.5 

52.1 

17.5 

86.3 



8.9 
78.1 

47.9 
292.4 
340.3 

37.7 

68.3 

108.1 

214.1 

155.6 

44.4 
245.0 
7.1 
10.7 
19.9 
50.4 
16.5 
84.0 



4.5 
66.3 

46.5 
293.6 
340.1 

26.8 

37.3 

' 83.7 

147.8 

123.1 

41.6 

213.9 

8.9 

9.6 

14.3 

49.4 

10.4 

76.2 



5.3 
48.0 

49.8 
245.9 
295.8 

39.4 

27.1 

100.0 

166.6 

100.0 

43.4 

259.4 

10.0 

8.3 
13.4 
45.5 

7.7 
74.4 



1,143.5 



1,184.8 



1,275.1 



1,106.3 



1,077.8 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA: 1935-43 



MILLIONS OF DOLLARS 

15001 



1200 



MONTH- END FIGURES 



□ 



ALL OTHCR 



MILLIONS OF DOLLARS 

1500 




1200 



900 



600 



300 



11 



DEC. 1943 - JAN. 194 



III— SECURITY PRICES 

Bank of Canada 







Dominion of Canada Bonds Payable in Canada Only 










Middle of the market quotations 






Average of Business Days 


15th of Each Month 




3J4% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 


















1938 


100.41 


3.22 


99.01 


3.08 


3.09 


2.76 


1.91 


1.13 


1939 


99.97 


3.23 


98.14 


3.15 


3.16 


2.90 


2.13 


1.54 


1940 


98.90 


3.31 


97.05 


3.25 


3.28 


2.95 


2.16 


1.48 


1941 


100.83 


3.18 


98.96 


3.09 


3.10 


2.92 


2.12 


1.40 


1942 


101.44 


3.12 


99.61 


3.04 


3.06 


3.03 


2.18 


1.48 


1943 


102.56 


3.01 


100.31 


2.95 


3.01 


2.81 


2.23 


1.52 


Monthly 


















1943— Jan. 


101.85 


3.08 


99.81 


3.02 


3.05 


2.94 


2.22 


1.52 


Feb. 


102.37 


3.03 


100.09 


2.99 


3.03 


2.85 


2.21 


1.52 


Mar. 


102.43 


3.03 


100.25 


2.96 


3.01 


2.83 


2.21 


1.51 


Apr. 


102.38 


3.03 


100.15 


2.98 


3.00 


2.83 


2.21 


1.50 


Mav 


102.38 


3.03 


100.13 


2.98 


3.00 


2.83 


2.22 


1.50 


June 


102.67 


3.00 


100.22 


2.96 


3.00 


2.81 


2.22 


1.50 


July 


102.75 


2.99 


100.42 


2.93 


3.00 


2.79 


2.23 


1.50 


Aug. 


102.75 


2.99 


100.56 


2.91 


3.00 


2.77 


2.23 


1.51 


Sept. 


102.81 


2.98 


100.53 


2.91 


3.00 


2.77 


2.23 


1.52 


Oct. 


102.88 


2.98 


100.50 


2.92 


3.00 


2.77 


2.24 


1.53 


Nov. 


102.86 


2.98 


100.50 


2.92 


3.00 


2.77 


2.24 


1.54 


Dec. 


102.63 


3.00 


100.60 


2.90 


3.00 


2.76 


2.24 


1.55 


1944— Jan. 


102.63 


2.99 


100.89 


2.85 


3.00 


2.74 


2.21 


1.52 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1938-44 



1. 4% 



20% 




2.6% 



3.2% 



™% MJSDMJSDMJSOMJSDM J SDMJSDMJSD 

I938 I939 I940 I94I I942 I943 I944 

1. Prior to l')40 figures are for 1st of month only. 2. Prior to 1940 figures are average of month. 



8% 



14% 



20% 



26% 



3.2% 



38% 



(EC. 1943 - JAN. 1944 



XL 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Month Treasury Bills 








Average o 


Business Days 




Tender Rate Nearest 15th of Month 




Can 


ida'" 


U. 


K.<» 


U.S.A. «> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 


99.71 


3.15 





__ 


_ 


_ 


.590 


.611 


.053 


1939 


99.06 


3.19 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


97.98 


3.28 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


99.90 


3.14 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


100.53 


3.08 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


101.44 


2.98 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


Monthly 

1943— Jan. 


100.83 


3.05 


102.28 


2.77 


103.59 


2.18 


.514 


1.001 


.363 


Feb. 


101.23 


3.01 


101.96 


2.80 


103.72 


2.17 


.508 


1.000 


.372 


Mar. 


101.34 


3.00 


101.67 


2.83 


103.50 


2.19 


.498 


1.001 


.371 


Apr. 


101.27 


3.01 


101.23 


2.87 


103.72 


2.17 


.498 


1.012 


.373 


May 


101.26 


3.01 


100.57 


2.94 


103.97 


2.14 


.498 


1. 001 


.372 


June 


101.45 


3.00 


100.47 


2.95 


104.09 


2.13 


.497 


1.003 


.374 


July 


101.59 


2.96 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 


Aug. 


101.66 


2.95 


100.51 


2.94 


104.26 


2.11 


.496 


1.049 


.374 


Sept. 


101.67 


2.95 


100.68 


2.93 


103.96 


2.14 


.462 


1.046 


.376 


Oct. 


101.69 


2.95 


100.76 


2.92 


103.88 


2.14 


.433 


.999 


.375 


Nov. 


101.68 


2.95 


100.84 


2.91 


103.57 


2.17 


.411 


1.001 


.375 


Dec. 


101.62 


2.95 


101.08 


2.88 


103.31 


2.19 


.416 


1.017 


.375 


1944— Ja^ 


101.76 


2.92 


101.00 


2.89 


103.29 


2.19 


.407 


1.010 


.374 



(1) Average of Dominion of Canada 3% due June 1, 1950-55 and 3 \i% due June 1, 1956-66. 
accrued interest. (3) U. S. Treasury 2>A% due Mar. 15, 1956-58. 



(2) United Kingdom 3% due July 15. 1954-58; price excluding 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1943-44 

Daily Opening Quotations 



20%[ 



2.0% 




3.1% 



JUNE JUL 

1943 



IS 



DEC. 1943 - JAN. 19 



IV— BOND ISSUES AND RETIREMENTS 



to 



Par Values in Millions of Canadian Dollars* 



Bank of Canada 



Calendar Years 

1936 
1937 
1938 
1939 
1940 
1941 
1942 
1943 

Last Half 
1939 

1940 
1941 
1942 
1943 

Last Quarter 

1939 
1940 
1941 
1942 
1943 



I-Dominion Direct & Guaranteed 
and Other C.N.R. 



New Issues 



402.7 

348.3 

286.1 

411.0 

956.4 

1,384.3 

2,265.2 

3,498.5 

206.5 

342.8 

239.9 

1,028.6 

2,053.0 

200.0 

332.6 

221.5 

1,009.9 

1,586.7 



Retirements 



316.6 
337.4 
215.9 
233.3 
416.9 
597.6 
534.8 
839.8 

108.0 
198.8 
367.0 
96.3 
623.5 

100.6 
62.2 

358.8 
72.3 

245.9 



Net New 

Issues or 

Retirements 



86.1 

10.9 

70.2 

177.7 

539.5 

786.8 

1,730.4 

2,658.7 

98 5 

144.0 

127.1 

932.3 

1,429.6 

99.4 

270.4 

137.3 

937.6 

1,340.8 



II-Provincial Direct and Guaranteed 



New Issues 



New 



80.4 
100.2 
88.1 
113.2 
79.5 
30.4 
13.5 
44.8 

56.1 

10.7 

6.8 

6.2 

38.2 

15.9 
6.2 
4.2 
4.4 
9 9. 



Refunding 



37.1 
77.2 
32.2 
40.5 
89.6 
51.5 
129.6 
100.8 

8.6 
55.3 
30.4 
68.5 
20.8 

8.6 
48.6 
28.9 
29.2 



Retirements 



Refunded 



17.0 
96.4 
33.0 
33.5 
81.4 
66.5 
133.0 
98.9 

8.0 

48.1 

26.0 

113.0 

20.5 

1.7 

31.5 

11.0 

72.7 

.6 



Other 



61.2 
22.7 
39.9 
40.0 
28.1 
34.0 
41.9 
60.8 

21.1 
16.1 
14.4 
23.1 
34.8 

7.8 

9.6 

8.4 

12.1 

15.6 



Net New 

Issues or 

Retirement 



39.4 
58.2 
47.4 
80.1 
59.6 
18.6 
31.9 
14.1 

35.6 
1.8 
3.1 

61.4 
3.7 

15.0 
13.7 
13.7 

51.2 
14.0 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 












Issues or 
Retirements 




New 


Refunding 


Refunded 


Olhe< 


Calendar Years 












1936 


80.1 


175.2 


162.0 


50.4 


42.9 


1937 


60.5 


70.6 


83.8 


59.0 


11.7 


1938 


32.2 


30.9 


30.9 


45.6 


13.5 


1939 


36.1 


201.4 


202.0 


66.2 


30.8 


1940 


36.8 


IN. 3 


17.7 


92.2 


54.9 


1941 


17.5 


3.8 


3.8 


79.3 


61.9 


1942 


7.7 


39.1 


41.7 ' 


78.6 


73.5 


1943 


18.4 


34.7 


34.7 


69.4 


51.0 


Last Half 












1939 


20. S 


48.3 


92.4 


33.0 


56.2 


1940 


4.S 


2 


.2 


40.6 


35.7 


1941 


S.9 


1.0 


1.9 


30.8 


22.2 


1942 


5.:; 


6.8 


7.1 


22.8 


17.8 


1943 


3.6 


4.5 


28.0 


23.5 


43.4 


Last Quarter 












1939 


15.3 


- 


- 


14.1 


1.1 


1940 


3.6 


2 


.2 


30.4 


26.8 


1941 


5.6 


1.2 


1.2 


21.3 


15.8 


1942 


.5 


3.6 


3.6 


12.6 


12.1 


1943 


3.5 


1.0 


1.0 


14.0 


10.4 



I+II+I1I 



Net New 

Issues or 

Retirements 



168.4 

57.4 

104.1 

227.1 

544.2 

706.3 

1,625.0 

2,593.6 

77.9 
110.1 

152.4 

853.1 

1,389.8 

115.6 
257.4 
139.3 
874.3 
1,316.4 



iv-dominion 
Treasury Bills am 
Deposit Certificat 



Net New 

Issues or 

Retirements 



57.3 

5.0 

75.0 

40.0 

440.0 

335.0 



40.0 
440.0 

25.0 



40.0 

70.0 
75.0 



Total i 
outstanding 



Year End 

150 
150 
155 
155 
230 
270 
710 
1,045 

155 
230 
270 
710 
1 ,045 

1."),"") 
230 
270 
710 
1 .045 



* Issues payable in Foreign Currency arc included at the par of exchange up to Sept. 15. 1°J°, but thereafter conversion is made on the basis of the official r.i 
of the Foreign Exchange Control Board. (1) Subject to revision. War Savings Certificates are included. Treasury Bills are excluded from 1. II & III. 1 
particulars of Dominion Treasury Bills see Heading IV. Because ol lack of sufficient data no tabulation of retirements by municipalities and religious institutii 
was possible. However, the net reduction of total municipal bonded debt less sinking lunds has been (in millions of dollars) approximately 27. 25. 30. 39, . 
46, 55, and 41, respectively in the years 1036 to 104.*. 

Footnotes /<> lahl, on opposite page, BONDS OUTSTANDING 

(1) Provincial Treasury Bills are excluded. (2) Figures for the gross amount of bonds outstanding are compiled Item latest official sources adjusted to .< 1 I 
cember, 1943, by subsequent known issues and redemptions; when full details regarding these become available minor revisions m.i\ b< i i) Im lud 

issues payable in Canada or London, and one issue payable in London or Paris. (4) Figures for guaranteed issues are approximate in some cases tor which 1 
particulars are not available. (5) Treasury Bills Deposit Certificates, War Savings Certificates, Stamps and Non-Interest Bearing Certificates an- includi 
(6) C.N.R. issues guaranteed by the provinces, being included under the C.N.R. heading, are excluded from provincial bladings. 



)EC. 1943 - 


JAN. 1944 






















14 






SUMMARY OF CHANGES IN 


CURRENCY OF PAYMENT" 






DOMINION AND PROVINCIAL 


DIRECT 


AND GUARANTEED, OTHER C.N.R. 




'ar Values in 


Millions i 


_ „ * AND CORPORATION BONDS 

/ Canadian Dollars 










NEW ISSUES were payable in: 




Retirements 


were payable in: 




Net Increase or 

Net Decrease 

In Bonds Outstand- 


Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


ing Payable: 


in Canada 
only 


Abroad 


Calendar Years 

1936 


652.7 


118.0 


3.0 


1.9 


775.6 


278.8 


156.2 


37.1 


115.2 


19.9 


607.2 


374.0 


205.5 


1937 


537.4 


93.8 


10.3 


15.4 


656.8 


355.1 


22.7 


131.2 


56.0 


34.4 


599.4 


182.3 


124.9 


1938 


377.7" 


40.3 


.3 


51.2 


469.4 


196.5 


50.1 


28.0 


22.1 


68.6 


365.3 


181.2 


77.1 


1939 


670.0 


83.4 


48.5 


.2 


802.1 


249.1 


21.0 


117.0 


86.7 


101.2 


575.0 


420.9 


193.8 


1940 


1,175.1 


5.2 


.2 


.1 


1,180.6 


437.6 


7.2 


18.1 


11.2 


162.4 


636.4 


737.5 


193.3 


1941 


1,475.3 


11.8 


- 


.4 


1,487.5 


527.0 


29.5 


16.0 


21.4 


187.4 


781.2 


948.3 


242.0 


1942 


2,428.0 


26.1 


.6 


.4 


2,455.1 


404.1 


11.9 


47.3 


97.5 


269.3 


830.1 


2,023.9 


398.9 


1943 


3,557.9 


139.4 


- 


- 


3,697.3 


764.4 


254.2 


52.1 


21.9 


11.1 


1,103.7 


2,793.5 


199.9 


Last Half 

1939 


296.8 


3.4 


40.1 


_ 


340.4 


99.0 


11.7 


35.7 


39.6 


76.3 


262.5 


197.8 


119.9 


1940 


413.4 


.2 


.2 


.1 


413.9 


162.0 


2.9 


6.9 


6.2 


125.7 


303.8 


251.4 


141.3 


1941 


286.7 


.7 


- 


.2 


287.6 


286.3 


3.0 


8.0 


12.2 


130.6 


440.1 


.3 


152.8 


1942 


1,105.5 


9.1 


.6 


.2 


1,115.4 


150.2 


6.5 


36.2 


22.5 


46.9 


262.3 


955.3 


102.2 


1943 


2,111.8 


8.3 


- 


- 


2,120.1 


556.8 


122.1 


42.4 


5.4 


3.5 


730.3 


1,555.0 


165.2 


Last Quarter 

1939 


239.6 




.1 


_ 


239.7 


44.4 


1.5 


2.6 


2.3 


73.2 


124.1 


195.2 


79.6 


1940 


391.2 


- 


- 


- 


391.3 


60.6 


1.5 


4.0 


2.7 


65.2 


133.9 


330.7 


73.3 


1941 


261.2 


- 


- 


.1 


261.4 


261.3 


1.8 


3.5 


10.2 


123.8 


400.7 


— 


139.3 


1942 


1,043.9 


3.6 


- 


.1 


1,047.6 


112.7 


5.5 


26.1 


17.8 


11.2 


173.3 


931.2 


56.9 


1943 


1,593.4 


— 


— 


— 


1,593.4 


265.5 


2.4 


2.7 


4.3 


2.1 


277.0 


1,327.8 


11.5 


or footnotes see 


opposite paf 


:e. 




V-BON 


DS OL 


TSTAI 


WING 










D 


OMINIOP 


1 AND PI 


IOVINCIAL DIREC 


T AND C 


JUARANT 


EED ANI 


> OTHER 


C.N.R. BONDS (1) 








GROS* 


AMOUNT OUTST 


ANDING 


AS AT 3 


1st DECE 


V1BER, I943 (2> 




(illions of Dol 


lars, with , 


Z converti 


id at $4.8 


6% 




Bank of C 


Canada 















)ominion— Direct 

— Gtd. other than C.N.R 
:.N.R. —Gtd. by Dom 

— Gtd. by Provs 

— Unguaranteed 

'rince Edward Island 

■j'ova Scotia — Direct 

—Gtd 

■iew Brunswick — Direct 

—Gtd. 6 

)uebec —Direct 

—Gtd 

)ntario — Direct 

—Gtd 

Manitoba — Direct 

—Gtd 

Saskatchewan — Direct 

—Gtd , 

Alberta — Direct 

—Gtd 

British Columbia— Direct 

—Gtd. 6 



Total 



Payable in: 



Canada 
only 



10,212.1 

1.1 

251.2 

20.0 

10.1 

58.2 

1.5 

60.0 

.6 

295.5 

5.7 

392.7 

89.8 

27.7 

3.0 

66.8 

.4 
29.8 

46.3 
3.1 



11,575.6 




15.0 

19.2 

1.5 



399.5 



Canada or 
New York 



.7 
64.2 

3.8 



40.6 
36.8 

65.0 

14.9 

5.9 

34.6 

.4 

42.8 
.1 

59.0 
6.5 

57.3 
.3 



432.9 



Canada, 
New York 
or London 



28.6 
330.1 

18.9 



16.8 

214.0 
8.0 
3.5 



4.7 

19.9 

4.0 
.9 



649.4 



London 



12.4 

16.4 
2.8 

7.1 



1.8 
7.0 

10.5 

3.5 

16.8 

10.9 
19.2 

7.3 

2.4 



118.1 



Total 



(5) 

10,557.5 

30.4 

685.6 

2.8 

56.7 

10.1 

100.6 

1.5 

103.8 

.6 

387.8 

5.7 

640.1 

122.9 

84.1 

3.4 

125.4 

.5 

127.9 

6.5 
114.9 

6.7 



13,175.5 



Cont 


ra Sinking Fund 


I 


nvestments: 4 




book value as ; 


it latest 


available date 




h 


Dec. 


31, 


1942 


2.3 


Dec. 


31, 


1942 


12.8 


Nov. 


30, 


1942 


14.0 


Oct. 


31, 


1943 


.1 


Oct. 


31, 


1942 


50.3 


Mar. 


31, 


1943 


15.1 


Aug. 


20, 


1943 


1.0 


Various 


17.0 


Apr. 


30, 


1943 


22.6 


Nov. 


30, 


1943 


.3 


Apr. 


30, 


1942 


15.6 


Sept. 


30, 


1943 


2.3 


Sept. 


30, 


1943 


17.6 


Mar. 


31, 


1943 


1.6 


Various 







or footnotes see opposite page. 



15 



DEC. 1943 - JAN. 19 



VI— BUSINESS ACTIVITY 









Dominion Bureau of Statistics 












PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Steel 


News- 
print 


Central 
Electric 
Stations' 2 ' 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


June 1, 
1941 = 100 


Annual TotalsW 

1926 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


_ 


65.1 




1929 


1,928 


1,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


- 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


- 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,345 


2,701 


3,426 


27,724 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,841 


3,121 


3,177 


32,506 


281.6 


3,387 


149.5 


113.6 


128.3 


1943 


3,752* 


2,997 


2,983 


35,719 


206.1 


3,454, 


150.9 


120.4 


145.0 


Monthly 

1942— Sept. 


380.7 


244.9 


257.6 


2,674 


29.7 


2N9.9 


152.7 


117.3 


135.3 


Oct. 


385.1 


271.1 


271.6 


2,837 


21.4 


323.1 


152.9 


118.6 


137.8 


Nov. 


365.8 


270.8 


251.1 


2,835 


22.1 


290.6 


168.5 


119.9 


140.6 


Dec. 


363.0 


269.8 


244.2 


2,934 


9.6 


272.9 


146.6 


122.0 


144.3 


1943— Sept. 


282.2 


241.3 


251.8 


2,998 


18.6 


303.4 


156.8 


121.8 


148.7 


Oct. 


280.1 


272.0 


259.3 


3,132 


19.2 


315.2 


157.3 


122.7 


150.7 


Nov. 


267.8 


259.4 


256.3 


3,104 


14.1 


318.9 


168.5 


123.4 


152.0 


Dec. 




227.8 


249.7 


3,195 


12.0 


288.0 


145.5 


124.7 


153.4 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) First of Month. (4) Average of months in case 
of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Nov , 1943. 



VII— WHOLESALE PRICES 

Index 1926 = 100 
CANADA U.K. 

Dominion Bureau of Statistics Board of Trade {U 



U.S.A. 

Bureau of Labor Statistics 





Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.15 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102,1 


93.1 


99.9 


Monthly 












1942-Dec. 


87.1 


92.8 


100.8 


92.6 


97.0 


1943- Jan. 


S7.7 


93.1 


100.0 


92.5 


97.1 


Feb. 


88.5 


93.9 


100.7 


92.7 


97.5 


Mar. 


91.2 


95.6 


101.4 


93.3 


98.5 


Apr. 


92.3 


97.1 


101.9 


92.7 


98.9 


May 


92.8 


98.0 


102.6 


92.7 


99.2 


June 


94.4 


98.7 


103.1 


92, S 


99.5 


July 


96.4 


100.0 


103.6 


92. S 


100.1 


Aur. 


97.5 


100.5 


103.5 


93.0 


100.4 


Sept. 


97.9 


101,1 


102.5 


93.7 


101.2 


Oct. 


103.6 


103.2 


103.1 


93.7 


101.9 


Nov. 


104.2 


103.S 


103.3 


93.8 


102.4 


Dec. 


104.6 


104.2 


103.3 


93.8 


102.5 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


S3. 6 


87.7 


79.6 


81.8 


79.6 


83.0 


10S.5 


110.2 


119.5 


123.2 


12S.S 


128.7 


130.1 


130.2 


130. 


130.8 


130.7 


130.8 


130.9 


130.9 


131.9 


131.4 


132.7 


131.8 


131.9 


131.6 


134.2 


132.3 


129.4 


130.9 


129.9 


131.5 


128.7 


131.1 


L28.6 


131.3 





Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


4S.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


S5.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


S2.4 


83.5 


82.7 


S9.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


L06.8 


100.2 


103.2 


113.8 


106.1 


104.3 


99.6 


101.0 


117.0 


10S.2 


105.2 


100.1 


101.9 


119.0 


109. (i 


105.8 


100.3 


102.5 


122.S 


112.0 


107,1 


100.5 


103.4 


123.9 


112.8 


108.4 


100.6 


103.7 


125.7 


114.0 


110.5 


100.7 


104.1 


12li. 2 


114.3 


109.6 


100.1 


103.8 


125.0 


113.6 


in:. 2 


99.6 103.2 


123.5 


112.7 


L05.8 


99.7 103.1 


123.1 


112,1 


105.0 


W.9 103.1 


122.2 


111.9 


105.1 


100.0 


103.0 


1 2 1 .4 


1 1 1 .3 


105.S 


L00.2 


102.9 


121 .S 


112.1 


105.6 


100.2 


103.2 



(1) Adjusted to 1926=100 fmiii base 1913=100 in 1926-29 and from base 1930=100 in 1930 and thereafter. (2) Bureau of Laboi Statistics Index of 
Prices of Finished Products. 



)EC. 1943 - JAN. 1944 



16 



VIII— WAGE RATES 



Index 1935-39 = 100 



FOR CERTAIN TYPES OF LABOUR 4 

Department of Labour 



Building Trades . . 

j Metal Trades . . . . 

Printing Trades. . 

Electric Railways. 



Steam Railways 

Coal Mining 

Factory Labour 

Misc. Factory Trades. 

Logging & Sawmilling. 

Metal Mining 

Steamships 

Laundries 

Telephones 

Group Total 



Weighting 



1926 

104.2 
97.8 

102.9 
99.3 

95.8 
98.8 
98.5 
98.4 

108.4 
95.8 
99.2 

101.(3 
92.5 



99.4 



1929 



119.6 
101.8 
107.7 
104.7 

105.0 
99.6 

9S.7 
101.1 

110.5 

96.4 

105.7 

103.5 

97.1 



104.5 



1932 



107.9 

96.4 

103.4 

100.7 

94.6 
96.8 
91.3 
92.2 

76.7 
92.2 
95.1 
100.7 
91.3 



94.5 



1937 



100.1 

103.4 

99.9 

100.4 

100.8 

9.S.4 

102.8 

101.9 

104.6 
101.9 
101.2 
100.0 
101.6 



101.8 



1938 



102.5 
104.4 
101.5 
102.1 

105.0 
102.9 
105.0 
105.2 

112.0 
102.4 
109.0 
101.4 
102.8 



104.9 



1939 



103.3 
104.7 
101.9 
102.7 

105.0 
102.9 
105.9 
106.0 

110.5 
102.8 
110.0 
101.7 
103.1 



105.3 



1940 



105.7 
109.3 
103.6 
105.6 

105.0 
104.0 
109.5 
110.6 

114.2 
103.5 
115.5 
103.1 
104.1 



108.4 



1941 



111.7 
119.0 
108.6 

113.7 

117.7 
116.6 
122.4 
122.5 

125.6 
113.2 
126.9 
110.2 
114.5 



119.2 



1942' 



118.4 
125.9 
113.8 
122.6 

119.8 
122.0 
132.9 
133.2 

139.4 
121.0 
142.6 
121.6 
120.5 

127.5 



* Rates include cosl of living bonus. ** Preliminary 



IX— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 



Thousands of Short Tons 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


1943 


2,983 


236 


805 


4,024 


— 


413 


3,611 


3,661 


194 


3,855 


244 


Monthly 

1942-July 


241.2 


20.1 


77.0 


338.2 


_ 


35.9 


302.3 


2.X3.4 


16.7 


300.1 


2.2 


Aug. 


253.2 


17.0 


79.9 


350.1 


- 


27.8 


322.3 


300.4 


15.5 


315.9 


6.4 


Sept. 


257.6 


23.3 


78.0 


358.9 


- 


29.1 


329.8 


311.8 


16.8 


328.6 


1.2 


Oct. 


271.6 


21.8 


84.2 


377.6 


- 


21.1 


356.5 


342.3 


17.8 


360.1 


3.7 


Nov. 


251.1 


20.5 


75.1 


346.7 


- 


22.1 


324.6 


350.7 


16.9 


367.6 


42.9 


Dec. 


244.2 


19.4 


74.7 


338.3 


- 


17.4 


320.9 


339.7 


L6.8 


356.5 


35.6 


1943-July 


262.3 


24.8 


67.9 


355.0 


_ 


44.7 


310.2 


285.7 


15.2 


300.9 


9.4 


Aug. 


259.6 


21.8 


68.0 


349.4 


- 


41.2 


308.2 


292.1 


16.5 


308.6 


.4 


Sept. 


251.8 


22.6 


64.3 


338.8 


- 


43.2 


295.6 


299.8 


16.9 


316.6 


21.1 


Oct. 


259.3 


24.4 


63.5 


347.2 


- 


30.2 


317.0 


317.0 


15.9 


332.9 


15.8 


Nov. 


256.3 


26.9 


66.5 


349.7 


- 


47.5 


302.2 


299.3 


16.7 


316.0 


13.8 


Dec. 


249.7 


22.7 


62.2 


334.6 




55.9 


278.7 


293.9 


16.8 


310.7 


32.0 



17 



DEC. 1943 - JAN. 19J 



MERCHANDISE EXPORTS : COMMODITY CLASSIFICATION 

Compiled from Trade of Canada: D.B.S. 
Millions of Dollars 





Grains 

and 

Products 

(1) 


Cattle 

and 
Meats 


Milk 

and 

Products 


Other 

Farm 

Products 

(2) 


Fishery 
Products 


Planks 

and 
Boards 


Wood Pulp 

and 
Pulpwood 


Newsprint 


Nickel 


Other 

Non-ferrous 

Metals 

13) 


Non- 
metallic 
Minerals 


Chemica 

ex 
Explosiv 


Calendar Years 


























1926 


481 


45 


41 


71 


36 


62 


66 


114 


12 


55 


27 


16 


1927 


447 


40 


35 


62 


34 


57 


63 


123 


15 


53 


27 


17 


1928 


558 


33 


36 


51 


36 


48 


61 


141 


22 


62 


27 


18 


1929 


333 


27 


28 


48 


36 


49 


57 


149 


26 


77 


30 


22 


1930 


235 


9 


19 


40 


31 


37 


53 


133 


21 


63 


23 


16 


1931 


162 


7 


15 


26 


25 


20 


39 


107 


14 


37 


15 


11 


1932 


167 


8 


12 


21 


18 


13 


24 


83 


7 


33 


10 


11 


1933 


156 


14 


11 


30 


20 


17 


28 


69 


23 


38 


13 


13 


1934 


174 


26 


9 


27 


22 


26 


32 


82 


29 


53 


16 


14 


1935 


180 


30 


10 


34 


24 


26 


35 


88 


36 


69 


18 


16 


1936 


274 


44 


14 


40 


25 


37 


40 


104 


45 


78 


24 


18 


1937 


209 


56 


18 


45 


28 


45 


54 


126 


59 


117 


31 


21 


1938 


129 


44 


16 


42 


27 


36 


41 


105 


52 


103 


25 


19 


1939 


127 


51 


18 


48 


29 


49 


43 


116 


58 


99 


29 


24 


1940 


179 


74 


20 


35 


32 


68 


73 


151 


61 


99 


34 


28 


1941 


248 


98 


21 


41 


41 


74 


102 


154 


68 


99 


45 


39 


1942 


189 


124 


34 


54 


50 


80 


116 


141 


68 


123 


57 


53 


1943 


391 


131 


36 


95 


57 


74 


119 


145 


* 


135 


62 


69 



Millions of Dollars 



Vehicles 
and 
Parts 

(4) 



Guns 
and 
Rifles 



Other 

Iron and 

Steel 

(5) 



Cartridge! 

and 

Shells 



Explosives 



Ships 

and 

Vessels 



Aircraft 



Army and 
Navy 

Stores 



Alum- 
inium 



All 

other 

Exports 



Nel Non- 
monetary 

Gold 



Calendar Years 

1926 
1927 
1928 
1929 

1930 
1931 
1932 
1933 
1934 

1935 
1936 
1937 
193X 
1939 

1940 
1941 
1942 
1943 



39 
32 
36 

47 

21 

7 

7 

10 

20 

26 
23 
27 
25 
26 

66 

154 
:!2s 
507 



3 

13 

74 

144 



37 
35 
34 
43 

27 
12 
9 
12 
18 

24 
20 
39 
35 
37 

59 
73 
65 

65 



1 

13 

42 

300 

35 I 



1 

3 

20 
24 
17 



2 

107 

89 





20 
27 
1.") 



1 
40 
55 

49 



i 

11 

9 

15 

10 
4 
4 
6 
8 

11 
11 
19 
24 
26 

34 

i i 

117 



151 
158 
167 
164 

124 
S3 
62 
lis 
92 

97 

122 
135 
107 
115 

146 
L66 
177 
387* 



30 
32 
40 
37 

39 
57 
70 
82 

114 

119 
132 
145 
161 
185 

203 

204 
1S4 
142 



(1) In the case of wheat, after July 1936, export clearance figures are baaed on Board "I Grain Commissioners rather than Customs data. Owing 
available data this adjustment has not been made since Jan. 1942. (2) Seeds, eggs, tobacco, farm animals other than beef cattle, hides and skins, oils and fata, 
(3) Excluding gold, nickel and aluminium which are shown separately, 141 Chiefly oi iron. Includes military vehicles ami lanks. (51 Excluding "Vehictei 
Parts" and "Guns and Rifles". (6) Consisting of exports foi the use ol Canadian armed forces, foi which no payment is received. * Nickel and ahnnini 
exports for 1943 are not available separately, and are included in "All Other Exports". 



I.U. IV'iJ - JrtlN. 1V44 



18 



XI— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce statistics unless otherwise stated 



ALL MEMBER BANKS 



TOTAL RESERVE BALANCE 




i— -i- -■.-.■•- . -<. ..-.. .. „_ ^^__^ ...:_;._._ 



1939 1040 1041 1042 1043 1944 



12 200 




1930 1940 



942 1943 1944 




350 




1939 1940 



1941 1942 1943 1944 



1939 1940 



1943 1944 




1939 1940 



1942 1943 1944 



TATISTICAL SUMMA 

BANK OF CANADA 



Y 



I 
II 



Tables 

Bank of Canada: 

Assets and Liabilities 



Charts 



III 



IV 

V 

VI 

VII 

VIII 

IX 
X 

XI 



Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. . 

Yields of Govt. Bonds, Canada, U.K. and U.S. A 

Cash Income from the Sale of Farm Products 

Cash Income from the Sale of Farm Products 

Business Activity 

Cash Income from the Sale of Farm Products 

Wholesale Prices 

Cost of Living 

Retail Merchandise Sales : Value 

Retail Sales and Retail Prices 

Employment and Payrolls 

Imports and Exports by Countries 

Mineral Production 



Pages 
19 - 20 



21 - 22 
19 
20 
21 
22 



23 
23 

24 
24 

25 
25 

2(5 
20 

27 

27 

28 
28 

29 

30 
31 - 32 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



FEB. - MAR. 1944 



iy 

















FEB. - MAR. Ym 


Millions of Dollars 












I— V 






LIABILITIES 






— • 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


h 
1:ta 

At 
.r 
Lia lit 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Month-end Figures 

1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


0.6 


50.1 


6.6 


:*0 


1936—12 Mths. 


38.3 


186.8 


225.1 


20.3 


0.9 


66.9 


9.2 


52 


1937— 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


n 


1938— 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


k 


1939— 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


48 


1940— 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


if 


1941— 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


C 


1942— 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


:»2 


1943— 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,4 


End of 

1942— Nov. 


115.6 


273.2 


388.8 


24.6 


13.8 


550.8 


25.2 


1,03 


Dec. 


121.1 


259.9 


381.1 


51.6 


19.-1 


572.5 


24.0 


1,<H 


1943— Jan. 


103.2 


237.7 


340.8 


14.8 


61.3 


574.4 


26.3 


i,< ; 


Feb. 


92.0 


258.5 


350.4 


21.5 


15.3 


599.7 


17.9 


1,114 


Mar. 


108.7 


261.0 


369.7 


21.2 


24.7 


610.4 


19.4 


1, 


1943— Nov. 


127.2 


360.6 


487.8 


66.1 


16.1 


717.4 


33.6 


l,:i 


Dec. 


122.9 


340.2 


463.1 


20.5 


17.8 


751.5 


55.4 


1,18 


1944— Jan. 


120.2 


360.9 


481.1 


34.8 


• 22.3 


740.4 


33.8 


1,41 


Feb. 


114.4 


362.7 


477.1 


40.1 


31.5 


761.0 


19.8 


1,5 


Mar. 


117.6 C2) 


359.2 


476.8 (2) 


65.8 


22.8 


780.3 (2) 


44.5 


1,IC 


ir "Month-end Figures" r 
Under these orders the Ba 


ither than "Aver 
nk's gold and for 


age of Wednesda; 
eign exchange ho 


i Figures" which usually appear under this heading 
dings, over and above its short-term requirements 


(1) Includes "Other Securities", 
and necessary working balances. 


2) E 

ivere s< t 



CHARTERED BANK CANADIAN DEPOSITS 4 ACTIVE NOTE CIRCULATION : 1939-44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4900 



4300 



3700 



3100 



2500 








4900 



4300 



3700 



3100 



2500 



JSDMJSDMJSDMJSDMJSDMJ 
1939 1940 1941 1942 1943 1944 

* Chartered Bank note circulation and Bank of Canada notes in public circulation. 



I. 



•EB 


. - MAR. 1944 


















MIAN AD A* 


















Millions of Dollars 










ASSETS 












- 




Reserve 






Securities 


Advances 


All 

Other 

Accounts 




; 1 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total'" 




>2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


Average of 
Month-end Figures 

1935-10 Mths. 




1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


• i) 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 " 


i i 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 " 


8 


— 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 " 






* 


* 


* 


* 


* 


* 








■ ;] 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 " 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 " 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 " 




.5 


.5 




780.6 


204.2 


984.8 


2.3 


15.6 


End of 

Nov .-1942 




- 


.5 


.5 




807.2 


209.2 


1,016.4 


1.3 


30.1 


Dec. 




- 


.3 


.3 




768.0 


231.8 


999.7 


- 


17.6 


Jan.— 1943 




- 


.3 


.3 




722.2 


263.8 


985.9 


- 


18.5 


Feb. 




- 


.3 


.3 




752.5 


276.4 


1,028.9 


- 


16.2 


Mar. 




— 


26.5 


26.5 




797.1 


466.7 


1,263.9 


.5 


30.1 


Nov. -1943 




- 


.6 


.6 




787.6 


472.8 


1,260.4 


- 


47.3 


Dec. 




- 


.4 


.4 




799.9 


486.8 


1,286.7 


- 


25.4 


Jan.— 1944 




- 


.2 


.2 




789.2 


508.9 


1,298.1 


- 


31.3 


Feb. 




— 


.3 


.3 




788.9 


557.0 


1,345.9 


— 


44.0 


Mar. 



20 



i.) am] subsequent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
I xchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS : 1939 -44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4800 



4200 



3600 



3000 



2400 




D M J 

1944 



note (3) on page 21. 



£.1 



r'fc.b. - MAK. 19 

ii— chub 



Millions of Dollars 





LIABILITIES 












Deposits 








Securities 
























Notes 






Dom. 


Canadian 




Total <2) 


in o) 


DOM.-PROV. 






Demand 


Time 


and Prov. 


Deposits'" 


Foreign 


Deposits 


Canada 






Under2yrs. 


Over 2 yrs. 


Average of 




















- B 


Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1927 


172 


596 


1,399 


71 


2,079 


349 


2,479 


195 


325 


1928 


177 


678 


1,497 


64 


2,254 


372 


2,703 


205 


334 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1930 


159 


623 


1,428 


76 


2,141 


390 


2,607 


197 


316 


1931 


142 


579 


1,438 


73 


2,103 


333 


2,503 


182 


454 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


1933 


130 


489 


1,379 


62 


1,941 


308 


2,290 


195 


627 


1934 


136 


514 


1,373 


66 


1,966 


322 


2,317 


203 


684 


1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 1 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 3 


1938 


100 


690 


1 ,630 


94 


2,449 


408 


2,892 


252 


447 


696 2 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 | 


1940 


91 


875 


1,647 


227 


2,753 


450 


3,250 


287 


681 


630 2 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 2 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 2 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 3 


End of 






















1943— Dec. 


43 


1,697 


1,948 


750 


4,356 


655 


5,149 


463 


1,664 


963 3 


1944— Jan. 


42 


1,673 


2,026 


573 


4,244 


645 


5,025 


481 


1,670 


956 3 


Feb. 


41 


1,754 


2,124 


339 


4,180 


654 


4,974 


477 


1,681 


978 | 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada. Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes ancX 



CHARTERED BANKS : CANADIAN DEPOSITS : 1939-44 



MILLIONS OF DOLLARS 

2500 



2000 



MILLIONS OF DOLLARS 

2500 



2000 



1500 — 



1500 




1000 



* Chiefly Dominion ami Provincial Government and Foreign Banks 



UEB. - MAR. 1944 
I BANKS 



Tl 



Millions of Dollars 



ASSETS 



Loans 



CANADA 



Call 



140 
186 
254 
267 

227 
170 
117 
102 
102 

82 
93 
107 
67 
55 



9 


44 


7 


34 


3 


29 


4 


35 



48 
53 
52 



Current 
Public 



934 
1,024 
1,178 
1,343 

1,286 

1,124 

1,032 

907 

869 

829 
699 
732 
786 
855 

969 
1,091 
1,075 
1,053 

1,104 

1,037 

955 



Current 
Other 



87 

83 

105 

112 

118 
147 
165 
147 
145 

134 
121 
117 
129 
133 

122 
95 
80 
62 

53 
48 

48 



ABROAD 



Call 



250 
269 
267 
301 

188 

109 

84 

92 

107 

72 
64 
68 
51 
48 

44 
44 
56 
81 

96 
95 

107 



Current 



261 
269 
262 
248 

239 
205 
172 
148 
138 

146 
150 
165 
158 
145 

138 
133 
127 
102 

100 
101 

102 



Total 
Assets 



2,864 
3,029 
3,323 
3,528 

3,237 
3,066 
2,869 
2,831 
2,838 

2,957 
3,145 
3,317 
3,349 
3,592 

3,707 
4,008 
4,400 
5,149 

5,609 
5,480 
5,426 



DAILY AVERAGE DATA 




Cash 
in <3) 
Canada 


Canadian 
Deposits 

(4) 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 
Note ( s) 
Circulation 




192 


1,958 


9.8 


195 


Average of 
Month-end Figures 

1926 


187 


2,079 


9.0 


198 


1927 


193 


2,254 


8.5 


204 


1928 


191 


2,293 


8.3 


205 


1929 


176 


2,141 


8.2 


185 


1930 


169 


2,103 


8.1 


167 


1931 


172 


1,955 


8.8 


158 


1932 


189 


1,941 


9.8 


157 


1933 


201 


1,966 


10.2 


163 


1934 


216 


2,104 


10.3 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


254 


2,412 


10.5 


205 


1938 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


468 


4,267 


11.0 


769 


End of 

Dec-1943 


480 


4,200 


11.4 


763 


Jan. -1944 


482 


4,124 


11.7 


779 


Feb. 



es given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
:ered Bank note circulation and Bank of Canada notes in public circulation. 

CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1939-44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4300 



3700 



3100 



4300 



2800 



2200 




2500 



23 







III— SECURITY PRICES 










Bank of Canada 






Dominion of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 




Average of E 


usiness Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 
9 Year 
Bond 


Theoretical 

5 Year 

Bond 


Theoretical 
2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


Monthly 

1943— Mar. 


94.71 


3.17 


3.01 


2.83 


2.21 


1.51 


Apr. 


94.50 


3.17 


3.00 


2.83 


2.21 


1.50 


May 


94.50 


3.17 


3.00 


2.83 


2.22 


1.50 


June 


94.66 


3.17 


3.00 


2.81 


2.22 


1.50 


July 


94.75 


3.17 


3.00 


2.79 


2.23 


1.50 


Aug. 


94.84 


3.16 


3.00 


2.77 


2.23 


1.51 


Sept. 


95.00 


3.16 


3.00 


2.77 


2.23 


1.52 


Oct. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.53 


Nov. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.54 


Dec. 


94.66 


3.17 


3.00 


2.76 


2.24 


1.55 


1944— Jan. 


94.72 


3.17 


3.00 


2.74 


2.21 


1.52 


Feb. 


95.78 


3.13 


3.00 


2.71 


2.17 


1.48 


Mar. 


96.95 


3.09 


3.00 


2.69 


2.15 


1.46 



YIELDS OF DOMINION GOVERNMENT BONDS : 1938-44 



PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 




2.6% 



32% 



^■" / * MJSDMJSDMJSDMJSDMJSDMJSDMJSD' 

1938 1939 1940 1941 1942 1943 1944 

1. Prior to 1940 figures arc for 1st of month only. 2. Prior to 19-10 figures are average of month. 



EB 


- MAR. 1944 




























III— SECURITY PRICES 
















Bank of Canada 










Government Bonds 

Middle of the market quotations 


3 Month Treasury Bills 


Average of Business Days 


Tender Rate Nearest 15 th of Month 


Canada'" 


U. K.< 2 > 


U.S.A. »> 


Canada 


U.K. 


USA 


Price 


Yield 


Price 


Yield 


Price 


Yield 






Annual Average 

1938 








_ 








.590 


.611 


.053 




1939 


- 


- 


93.83 


3.45 


- 


- 


.707 


■ 1.315 


.022 




1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 




1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 




1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 




1943 


100.32 


2.96 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 




Monthly 

1943— Mar. 


100.13 


2.99 


101.67 


2.83 


103.50 


2.19 


.498 


1.001 


.371 




Apr. 


100.10 


2.99 


101.23 


2.87 


103.72 


2.17 


.498 


1.012 


.373 




May 


100.20 


2.98 


100.57 


2.94 


103.97 


2.14 


.498 


1.001 


.372 




June 


100.38 


2.96 


. 100.47 


2.95 


104.09 


2.13 


.497 


1.003 


.374 




July 


100.42 


2.95 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 




Aug. 


100.50 


2.94 


100.51 


2.94 


104.26 


2.11 


.496 


1.049 


.374 




Sept. 


100.50 


2.94 


100.68 


2.93 


103.96 


2.14 


.462 


1.046 


.376 




Oct. 


100.50 


2.94 


100.76 


2.92 


103.88 


2.14 


.433 


.999 


.375 




Nov. 


100.50 


2.94 


100.84 


2.91 


103.57 


2.17 


.411 


1.001 


.375 




Dec. 


100.58 


2.93 


101.08 


2.88 


103.31 


2.19 


.416 


1.017 


.375 




1944— Jan. 


100.87 


2.90 


101.00 


2.89 


103.29 


2.19 


.407 


1.010 


.374 




Feb. 


101.20 


2.86 


101.04 


2.88 


103.44 


2.18 


.390 


1.003 


.374 




Mar. 


101.42 


2.83 


100.82 


2.91 


103.62 


2.16 


.387 


.999 


.375 



24 



(1) Dominion of Canada 3% due Nov. 1, 1953-56 at 101. (2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 
(3) U. S. Treasury 2]/ 2 % due Mar. 15. 1956-58. 

LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1943-44 

Daily Opening Quotations 




2.1% 



22% 



2.8% 



29% 



3.0% 



25 



FEB. - MAR. 194| 



IV- 



Millions of Dollars 



CASH INCOME FROM THE SALE OF FARM PRODUCTS* 

Dominion Bureau of Statistics 
CANADA TOTAL 







FIELD 


CROPS 




LIVESTOCK 


Poultry 
and 


Dairy 
Products 


All 
Other 

(2) 






Wheat 


Other 


Fruits, 

Vegetables 




Cattle 




Other 




Total 




(1) 


Seeds 
and Hay 


and Other 
Field 
Crops 


Total 


and 
Calves 


Hogs 


Livestock 


Total 










1926 


419.4 


77.6 


64.0 


561.0 


84.2 


98.0 


11.0 


193.3 


51.5 


112.0 


39.8 


957.) 


1927 


389.5 


74.1 


61.3 


524.8 


97.5 


85.7 


11.3 


194.5 


57.4 


116.3 


41.0 


934.1 


1928 


464.7 


93.8 


59.1 


617.7 


119.5 


78.2 


12.8 


210.4 


64.8 


126.3 


44.5 


1,063.1 


1929 


345.9 


75.1 


61.3 


482.3 


115.5 


85.4 


14.0 


214.9 


64.4 


122.8 


42.2 


926.' 


1930 


178.1 


35.6 


60.5 


274.2 


73.1 


74.6 


10.0 


157.7 


59.1 


105.7 


35.3 


632. 


1931 


103.2 


25.4 


49.3 


177.8 


55.8 


47.9 


8.1 


111.8 


42.9 


85.3 


27.2 


445. 


1932 


125.9 


20.0 


40.0 


185.9 


41.2 


33.4 


5.2 


79.8 


28.4 


67.8 


21.6 


383.1 


1933 


124.6 


19.3 


46.7 


190.5 


39.5 


38.9 


5.4 


83.8 


28.8 


71.2 


22.3 


396.i 


1934 


149.4 


30.2 


52.0 


231.6 


46.7 


58.8 


6.0 


111.5 


34.1 


81.9 


26.1 


485.: 


1935 


151.4 


24.9 


54.9 


231.2 


62.2 


61.1 


6.7 


130.0 


35.4 


87.1 


27.7 


5ii.: 


1936 


153.3 


40.0 


60.6 


254.0 


67.7 


78.6 


8.8 


155.1 


39.2 


98.9 


31.1 


578.: 


1937 


149.5 


43.8 


69.2 


262.5 


94.8 


90.3 


9.9 


195.0 


39.6 


110.3 


38.3 


645.' 


1938 


188.6 


35.3 


69.5 


293.4 


76.9 


79.4 


8.0 


164.3 


50.0 


119.0 


37.6 


664.: 


1939 


217.9 


33.7 


80.9 


332.5 


92.6 


84.8 


8.0 


185.4 


52.2 


113.8 


38.5 


722.; 


1940 


187.7 


32.9 


69.9 


290.5 


108.1 


123.4 


13.8 


245.3 


56.2 


127.1 


46.8 


765.1 


1941 


174.3 


49.4 


88.4 


312.1 


146.5 


159.2 


15.3 


320.9 


64.6 


165.4 


51.0 


914.1 


1942 


145.5 


87.9 


110.3 


343.8 


174.3 


191.0 


18.1 


383.4 


97.9 


227.2 


62.6 


1,114.! 


1943 


201.1 


163.1 


137.2 


501.4 


192.5 


237.5 


19.8 


449.7 


124.3 


248.9 


72.2 


1,396.( 



* These figures do not include certain direct bonus and subsidy payments, which do not enter into the price of farm products, but which constitute an additio 
to the income shown above. (1) Since 1939 income from the sale of wheat has depended not only on the size of the crop but also upon the availability of tram 
portation and storage facilities. (2) Includes forest products, miscellaneous farm products, fur farming, honey, wool and maple products. 



CASH INCOME FROM THE SALE OF FARM PRODUCTS : 1926-43 



MILLIONS OF DOLLARS 



MILLIONS OP DOLLARS 





1926 '28 "30 '32 '34 '36 '38 '40 '42 '44 1926 '28 '30 '32 '34 '36 "38 '40 '42 '44 



EB. - MAR. 1944 



lb 



V— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations* 21 


Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals'*) 

1926 


1 ,754 


869 


1,889 


9,354 


110 


3,253 





65.1 





1927 


1 ,853 


1,017 


2,083 


10,764 


125 


3,397 


- 


68.4 


- 


1928 


1,891 


1 ,383 


2,382 


12,419 


139 


3,696 


- 


73.0 


- 


1929 


1,928 


1 ,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1930 


2,102 


1,131 


2,497 


14,022 


93 


3,144 


130.9 


74.2 


- 


1931 


2,694 


753 


2,190 


13,218 


82 


2,575 


114.5 


67.0 


- 


1932 


3,044 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


— 


1933 


2,949 


459 


2,009 


12,812 


24 


2,032 


88.2 


54.5 


- 


1934 


2,972 


849 


2,598 


14,340 


31 


2,321 


93.2 


62.8 


- 


1935 


3,285 


1,055 


2,753 


15,399 


36 


2,358 


94.3 


65.0 


- 


1936 


3,748 


1,250 


3,209 


16,528 


43 


2,494 


98.4 


67.8 


- 


1937 


4,096 


1,571 


3,648 


17,934 


56 


2,635 


103.8 


74.6 


- 


1938 


4,725 


1,294 


2,625 


18,056 


55 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


-■ 


1941 


5,345 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


3,121 


3,177 


32,506 


79 


3,387 


149.5 


113.6 


128.3 


1943 


3,652 


2,997 


2,983 


35,719 


79 


3,454 


151.0 


120.4 


144.9 


Monthly 

1943— Dec. 


262.9 


227.8 


249.7 


3,195 


4.1 


288.0 


145.8 


124.6 


153.4 


1944— Jan 


257.8 


242.2 


242.7 


3,187 


3.5 


281.2 


153.6 


121.5 


140.4 


Feb. 




229.9 


240.0 


2,969 


8.3 


280.3 




119.8 


148.1 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) First of Month. (4) Average of months in case 
of Department Store Sales, Employment and Payrolls Indexes. 



CASH INCOME FROM THE SALE OF FARM PRODUCTS : 1926-43 



MILLIONS OF DOLLARS 

700 




MILLIONS OF DOLLARS 

1400 



1200 



1000 




1926 '28 '30 '32 "34 '36 '36 '40 '42 '44 



1926 '28 '30 '32 '34 '36 '38 '40 '42 '44 



£1 



FEB. - MAR. 19! 



CANADA 

Dominion Bureau of Statistics 



VI— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Traded 





Farm 






Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1927 


102.1 


99.9 


99.4 


96.5 


97.7 


1928 


100.7 


97.4 


99.6 


95.0 


96.4 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1930 


82.3 


82.2 


93.1 


87.3 


86.6 


1931 


56.3 


61.9 


70.4 


74.8 


72.1 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1933 


51.0 


56.6 


63.8 


70.2 


67.1 


1934 


59.0 


63.5 


69.7 


73.4 


71.6 


1935 


63.5 


66.0 


70.4 


72.8 


72.1 


1936 


69.4 


70.8 


73.4 


73.6 


74.6 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


Monthly 












1943-Nov. 


104.2 


104.0 


103.3 


93.8 


102.4 


Dec. 


104.6 


104.3 


103.2 


93.8 


102.5 


1944-Jan. 


104.0 


104.1 


102.5 


93.8 


102.5 


Feb. 


104.3 


104.6 


102.3 


93.7 


102.7 



Foods 


Total 


100.0 


100.0 


98.1 


95.6 


98.4 


94.7 


93.9 


92.1 


81.8 


80.7 


72.4 


70.9 


71.8 


69.1 


67.8 


69.2 


69.5 


71.1 


71.0 


71.8 


75.0 


76.2 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.7 


131.4 


128.6 


131.3 


129.5 


131.9 


129.8 


132.3 


129.8 


132.8 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


99.4 


96.5 


96.7 


95.0 


95.4 


105.9 


99.1 


101.0 


95.9 


96.7 


104.9 


97.5 


99.9 


94.5 


95.3 


88.3 


84.3 


90.5 


88.0 


86.4 


64.8 


65.6 


74.6 


77.0 


73.0 


48.2 


55.1 


61.0 


70.3 


64.8 


51.4 


56.5 


60.5 


70.5 


65.9 


65.3 


68.6 


70.5 


78.2 


74.9 


78.8 


77.1 


83.7 


82.2 


80.0 


80.9 


79.9 


82.1 


82.0 


80.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


121.4 


111.3 


105.8 


100.2 


102.9 


121.8 


112.1 


105.6 


100.2 


103.2 


121.8 


112.2 


104.9 


100.2 


103.3 


122.5 


112.8 


104.5 


100.4 


103.6 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 
Prices of Finished Products. 



930=100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 



Index 1935-39 = 100 



VII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1927 


130.8 


114.4 


135.6 


114.5 


105.1 


119.9 


1928 


131.5 


113.2 


135.5 


117.3 


104.8 


120.5 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1930 


131.5 


111.8 


130.6 


122.7 


105.4 


120.8 


1931 


103.1 


110.0 


114.3 


119.4 


103.3 


109.1 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1933 


84.9 


102.5 


93.3 


98.6 


98.2 


94.4 


1934 


92.7 


102.1 


97.1 


93.2 


97.8 


95.6 


mi;;:) 


94.6 


100.9 


97.0 


94.0 


95.4 


9S.7 


96.2 


1936 


97.8 


101.5 


99.3 


96.1 


97.2 


99.1 


98.1 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1938 


103.8 


97.7 


100.9 


103.1 


102.4 


101.2 


102.2 


1939 


100.6 


101.2 


100.7 


103.8 


101.4 


101.4 


101.5 


1940 


105.6 


107.1 


109.2 


106.3 


107.2 


102.3 


105.6 


1941 


116.1 


110.3 


116.1 


109.4 


113.8 


105.1 


111.7 


1942 


127.2 


112.8 


120.0 


111.3 


117.9 


107.1 


117.0 


1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 


Monthly 
















1943— Nov. 


133.1 


113.3 


121.1 


111.9 


118.2 


108.3 


119.4 


Dec. 


132.7 


111.9 


121.1 


111.9 


118.8 


108.6 


119.3 


1944— Jan. 


131.5 


112.7 


121.1 


111.9 


118.4 


108.9 


119.0 


Feb. 


130.9 


1 13. 


121.3 


11 1.9 


11N.I 


109.1 


118.9 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450- $2,500. with incomes between $1,200- $1,600 most common. 



'FEB. - MAK. 1V44 



£.H 



VIII— RETAIL MERCHANDISE SALES : VALUE 

Dominion Bureau of Statistics 
Index 1935-39 = 100 





SEASONALLY ADJUSTED (1) INDEXES FOR CERTAIN STORES 






URBAN STORES 


Country 
General 
Stores 


Retail 




Depart- 
ment 
Stores 


Food 
Stores 


Hardware 
Stores 


Furniture 
Stores 


Radio & 

Electrical 

Stores 


Clothing. 

Boot 

& Shoe 

Stores 


Drug 
Stores 


Variety 
Stores 


Total 


Index 


Annual Average 

1930 


130.9 


126.2 


123.1 


125.2 


157.4 


132.3 


115.6 


88.5 


126.1 


* 


* 


1931 


114.5 


112.7 


103.6 


105.3 


125.0 


112.4 


106.2 


87.4 


110.9 


* 


* 


1932 


93.1 


95.0 


80.5 


73.8 


82.5 


93.0 


96.4 


79.7 


91.8 


* 


* 


1933 


88.2 


86.3 


71.7 


68.1 


67.7 


85.0 


86.1 


74.9 


84.3 


* 


* 


1934 


93.2 


88.0 


84.9 


83.4 


78.8 


92.3 


89.4 


80.1 


89.2 


* 


* 


1935 


94.3 


91.5 


87.2 


89.4 


87.8 


94.5 


92.2 


85.2 


92.0 


* 


95.9 


1936 


98.4 


96.0 


93.7 


98.8 


99.3 


100.1 


96.4 


92.7 


97.1 


* 


98.1 


1937 


103.8 


103.6 


104.8 


111.7 


109.2 


106.2 


104.0 


103.8 


104.5 


105.6 


102.0 


1938 


99.9 


102.1 


106.6 


98.1 


100.8 


99.3 


102.6 


105.2 


101.4 


103.5 


102.8 


1939 


103.6 


106.7 


107.6 


102.0 


103.0 


99.9 


104.8 


113.2 


105.1 


100.5 


101.0 


1940 


116.2 


117.5 


117.3 


118.1 


130.3 


113.5 


113.9 


133.8 


117.5 


106.4 


106.6 


1941 


133.8 


135.6 


137.6 


126.3 


138.7 


130.4 


131.2 


161.3 


135.8 


116.0 


114.9 


1942 


149.5 


156.1 


150.5 


127.7 


136.6 


164.2 


149.5 


186.4 


154.9 


131.9 


122.4 


1943 


151.0 


167.9 


146.9 


119.5 


116.6 


172.2 


165.3 


188.4 


161.0 


148.2 


124.5 


Aver. 12-Mths.ending 

Jan .—1944** 


151.5 


169.0 


148.9 


119.9 


115.4 


173.2 


166.8 


189.7 


161.9 


149.7 


124.7 


Monthly 

1943— June 


130.9 


174.4 


137.1 


116.7 


115.5 


161.1 


164.2 


181.6 


155.5 


147.0 


124.5 


July 


144.7 


162.9 


135.9 


130.9 


122.8 


166.9 


159.8 


172.5 


155.4 


155.1 


125.1 


Aug. 


148.4 


173.7 


141.0 


112.4 


127.4 


180.7 


157.1 


174.8 


162.1 


150.1 


125.8 


Sept. 


156.8 


164.2 


130.6 


102.8 


99.6 


171.3 


157.9 


183.2 


158.5 


134.0 


126.0 


Oct. 


157.3 


163.5 


137.7 


107.2 


96.2 


159.0 


164.2 


182.4 


157.6 


143.2 


125.8 


Nov. 


169.8 


164.5 


150.2 


112.3 


92.6 


172.8 


173.0 


197.3 


165.0 


150.8 


125.9 


Dec. 


145.8 


180.6 


163.5 


125.5 


99.2 


179.6 


196.3 


185.0 


167.9 


160.2 


125.9 


1944— Jan.** 


153.6 


172.4 


180.2 


142.0 


133.2 


162.1 


176.5 


211.9 


167.0 


161.2 


125.3 



(1) Adjusted for number of business days and seasonal variations. * Not available. ** Preliminary. 

RETAIL SALES AND RETAIL PRICES 



INDEXES 1935-39 -100 



DOMINION BUREAU OF STATISTICS 



INDEXES 1935-39-100 




SDMJ SDMJ SDMJ SDMJ SDMJ 



1939 



1940 



1941 



1942 



1943 



1944 



zy 



IX- 

Unadjusted Index 1926 = 100 


-EMPLOYMENT AND PAYROLLS BY INDUSTRIES 

Dominion Bureau of Statistics 
EMPLOYMENT INDEXES 


* 


FEB. - 


MAR. Hi 




MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 


Total 

all 

Industries 




Foods 


Forest 
Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 
Manufac- 
turing 


Average of Months ' 

1926 
1929 
1933 

1937 
1938 
1939 
1940 
1941 
1942 
1943 

Aver. 12-Mths. Ending 

Feb. 1944 

First of Month 

1942— Oct. 

Nov. 

Dec. 
1943— Jan. 

Feb. 

1943— Oct. 

Nov. 

Dec. 
1944— Jan. 

Feb. 


100.0 

107.8 

98.0 

118.0 
116.9 
121.2 
138.1 
156.2 
159.7 
165.4 

169.1 

186.0 
167.4 
163.7 
155.2 
151.3 

190.1 

182.7 
183.4 
174.7 
177.0 


100.0 

112.4 

70.6 

117.0 
103.8 
100.9 
118.3 
134.1 
139.4 
135.5 

137.2 

130.8 
136.1 

144.2 
144.7 
140.9 

132.8 
139.3 
149.7 
151.6 
153.8 


100.0 

107.2 

96.1 

125.6 
120.4 
121.5 
144.1 
159.2 
166.6 
160.4 

159.1 

166.7 
165.9 
166.1 
161.6 
165.3 

156.7 
156.6 
157.8 
153.5 
157.7 


100.0 

121.9 

62.5 

98.6 
93.5 
89.5 
115.7 
175.8 
229.3 
266.3 

270.7 

242.5 
245.7 
251.1 
255.2 
259.6 

274.1 
276.5 
280.1 
282.4 
284.4 


100.0 

130.2 

59.0 

115.8 
108.9 
110.0 
151.6 
249.3 
394.4 
465.2 

463.2 

418.6 
435.9 
450.4 
446.9 
458.5 

468.9 
465.5 
460.2 
442.8 
438.8 


100.0 

126.4 

92.5 

128.8 
129.3 
132.0 
144.3 
185.5 
235.3 
264.9 

265.5 

253.6 
256.5 
262.4 
261.9 
264.0 

267.2 
269.1 
269.8 
266.3 
266.6 


100.0 

120.1 

97.5 

153.2 
155.9 
163.8 
168.4 
176.6 
171.3 
158.5 

157.8 

164.3 
163.0 
162.0 
162.4 
161.4 

154.1 
155.4 
158.1 
156.1 
159.5 


100.0 

109.7 

79.0 

85.2 
84.4 
85.6 
89.7 
98.9 
105.5 
114.4 

115.9 

111.7 
110.6 
109.4 
107.8 
105.5 

120.0 

119.4 
119.7 
117.5 
114.2 


100.0 

129.7 

74.6 

99.5 

105.4 
113.0 
90.7 
126.6 
130.3 
129.8 

124.7 

149.6 

154.9 
151.3 
132.1 
125.7 

136.9 
135.3 
128.3 
105.8 
90.9 


100.0 
126.2 
112.1 

132.1 
132.6 
136.6 
142.9 
156.5 
156.1 
155.1 

156.1 

153.5 
156.5 
164.5 
169.9 
149.3 

156.3 
161.9 
169.9 
172.0 
159.9 


100.0 

119.0 

83.4 

114.1 
111.8 
113.9 
124.2 
152.3 
173.7 
184.1 

184.4 

181.3 
183.3 
186.5 
183.7 
181.2 

187.6 
188.7 
190.5 
185.7 
183.2 


Thousands 




NUMBER OF EMPLOYEES : REPORTING FIRMS* 


: 1943-44 












NUMBER OF EMPLOYEES : FIRST OF 


MONTH 






Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


J 


an. 


Feb. 


Manufacturing 


1.189 

41 

74 

29 

151 

182 

44 

158 

64 


1,200 

39 

74 

29 

152 

174 

44 

159 

65 


1,208 

44 

73 

28 

152 

173 

44 

163 

65 


1,206 

r^ 

72 

28 
151 
171 

45 
170 

65 


1,207 

72 

74 

28 

151 

162 

44 

179 

65 


1, 


183 
78 
73 
28 

148 

133 
44 

181 
65 


1,188 
81 
74 
28 
144 
115 
44 

10s 

65 


Logging 


Mining 


Communication 


s 




Transportation . 
Construction & 
Services 






Mainter 


lance 


Trade 


Finance 




ibove) 




Total (as ; 


1 ,932 


1 ,935 


1 ,950 


1,962 


1,982 


1,934 


1 .908 


Thousands of Dolla 


rj 


PAYROL1 


.S : REPORTING FIRMS*: 1943-4 


4 














AGGREGATE WEEKLY EARNING 


5 : FIRST 


OF MONTH 




Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


J 


an. 


Feb. 


Manufacturing 

Loecine 


37,649 
1 ,092 
2,667 

830 
5,374 
5,380 

815 
4,063 
2,036 


38,427 
1 ,092 
2,641 

861 
5,380 
5,256 

S24 
4,037 
2.009 


39,087 

1.208 
2,643 

852 
5,338 
5.217 

837 
4.161 
2,033 


39,338 

1 .389 
2,688 

845 
.-.390 
5.152 

845 
4.302 
2,035 


39,627 

1,752 

2,75.. 

844 
5.417 
1,810 

840 
4.495 
2,041 


35,682 
1,880 
2.477 

866 
5.313 
:;.828 

826 
4.574 
2,077 


38,9 2 S 
2.029 
2.S47 

860 
5.191 
:;,421 

853 
4.404 
2.008 


Mining 


Communication 


s 




Transportation . 
Construction & 
Services 


Maintei 


lance 


Trade 


Finance 




ibove) 




Total (as , 


59,906 


60,526 


6 1 ,375 


6 1 ,985 


62,583 


57, 


52:; 


00.600 


* As reported by establ 
and Logging. 


ishments wi 


th not less 


ban 15 emp 


oyees. (1) Average Jan. 1 - Dec. 1. (2) Lu 


mber and Products. Pi 


ilp and Paper Product! 

























I'EB. - MAR. 1944 



6U 



Millions of Dollars 



Millions of Dollars 



X— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS'*' <»> 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 
Ex-Gold 


Retained 
Imports 
Ex-Gold 

794 






U.K. 

(2) 


Other 

British^) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries(2) 


Excess of 
Exports 


Calendar Years 

1937 


147 


89 


490 


82 


809 


15 


382 


1938 


119 


67 


425 


67 


677 


11 


666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1,346 


496 


1942 


117 


114 


1,305 


65 


1,600 


22 


1,579 


970 


1943 


100 


104 


1,424 


73 


1,701 


30 


1,671 


1,443 


12-Months Ending 

Feb. 1944 


100 


108 


1,447 


73 


1,727 


33 


1,694 


1,534 


Monthly 

1942— Sept. 


9.7 


7.1 


100.7 


5.2 


122.6 


1.4 


121.2 


100.0 


Oct. 


9.2 


8.8 


110.3 


8.6 


136.9 


1.1 


135.9 


95.3 


Nov. 


6.2 


6.9 


106.4 


5.0 


124.5 


4.2 


120.3 


97.1 


Dec. 


6.3 


9.1 


113.7 


5.7 


134.9 


2.1 


132.8 


150.3 


1943— Jan. 


5.7 


7.3 


104.8 


6.5 


124.4 


1.2 


123.2 


68.0 


Feb. 


7.1 


5.5 


94.2 


5.1 


111.9 


1.8 


110.1 


70.3 


1943— Sept. 


7.1 


8.2 


113.5 


5.7 


134.5 


2.5 


132.0 


124.7 


Oct. 


10.1 


9.6 


134.5 


5.6 


159.7 


3.1 


156.6 


114.5 


Nov. 


9.8 


10.8 


130.9 


5.8 


157.3 


3.5 


153.8 


145.0 


Dec. 


7.0 


8.5 


111.5 


6.3 


133.4 


5.4 


128.0 


186.8 


1944— Jan. 


6.2 


8.2 


106.3 


4.8 


125.5 


4.0 


121.5 


130.0 


Feb. 


5.S 


9.0 


115.8 


6.9 


137.5 


2.1 


135.4 


99.9 



2. MERCHANDISE EXPORTS*' <n (4) 





TOTAL EXPORTS (Excluding Gold) TO 




Total Exports 




U.K. 


Other 

BritishO) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries 


Non-Monetary 
Gold Exports 


Including Net 

Non - Monetary 

Gold 


Calendar Years 
















1937 


384 


107 


382 


158 


1,031 


145 


1,176 


1938 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


573 


63 


1,638 


204 


1,842 


1942 


742 


625 


886 


111 


2,364 


184 


2,548 


1943 


1,033 


558 


1,149 


232 


2,971 


142 


3,113 


12-Months Ending 
















Feb. 1944 


1,111 


560 


1,154 


270 


3,096 


133 


3,229 


Monthly 
















1942— Sept. 


51.5 


69.1 


77.3 


8.1 


206.1 


15.0 


221.1 


Oct. 


55.3 


71.5 


79.2 


5.9 


211.9 


19.3 


231.2 


Nov. 


63.3 


46.4 


83.1 


12.0 


204.8 


12.6 


217.4 


Dec. 


52.6 


63.4 


143.3 


9.9 


269.2 


13.9 


283.1 


1943— Jan. 


42.6 


37.5 


91.2 


6.0 


177.3 


13.9 


191.2 


Feb. 


51.9 


26.7 


81.1 


8.0 


167.7 


12.8 


180.5 


1943— Sept. 


77.7 


41.0 


94.0 


32.3 


244.9 


11.8 


256.7 


Oct. 


73.4 


48.2 


112.8 


25.4 


259.8 


11.3 


271.1 


Nov. 


106.0 


55.8 


108.3 


19.8 


289.9 


8.8 


298.7 


Dec. 


89.5 


53.2 


130.2 


29.7 


302.6 


12.2 


314.8 


1944— Jan. 


94.8 


32.7 


85.3 


29.2 


242.0 


9.4 


251.5 


Feb. 


78.2 


34.2 


91.7 


23.1 


227.2 


8.1 


235.3 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics on pages 
85-86 of the Oct.-Nov. 1943 issue. (1) For earlier years, see pages 18-19, Dec. 1941 -Jan. 1942 issue. 

(2) In the case of imports from the United Kingdon, does not include articles imported for the use of the armed forces of the United Kingdom, nor 
articles admitted free under Order in Council. 

(3) Includes Egypt. 

(4) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 



31 























FEB. 


- MAR. 1? 
























XI— MINERA 


Uj. 
























Dom 
























MET^I 




in 
Gold 


Silver 


Other 
Precious Metals 


Nickel 


Copper 


1 

ZlN 




fine oz. 
000 


$ mm. 


fine oz. 

mm. 


$ mm. 


fine oz. 
000 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


r 


1926 


1,754 


36.3 


22 


13.9 


20 


1.6 


66 


14.4 


133 


17.5 


150 




1927 


1,853 


38.3 


23 


12.8 


23 


1.3 


67 


15.3 


140 


17.2 


165 




1928 


1,891 


39.1 


22 


12.8 


24 


1.3 


97 


22.3 


203 


28.6 


185 




1929 


1,928 


39.9 


23 


12.3 


30 


1.7 


110 


27.1 


248 


43.4 


197 




1930 


2,102 


43.5 


26 


10.1 


68 


2.4 


104 


24.5 


303 


37.9 


268 




1931 


2,694 


58.1 


21 


6.1 


92 


2.8 


66 


15.3 


292 


24.1 


237 




1932 


3,044 


71.5 


18 


5.8 


65 


2.0 


30 


7.2 


248 


15.3 


172 




1933 


2,949 


84.4 


15 


5.7 


56 


1.5 


83 


20.1 


300 


21.6 


199 




1934 


2,972 


102.5 


16 


7.8 


200 


6.2 


129 


32.1 


365 


26.7 


299 




1935 


3,285 


115.6 


17 


10.8 


190 


5.4 


139 


35.3 


419 


32.3 


321 




1936 


3,748 


131.3 


18 


8.3 


235 


7.8 


170 


43.9 


421 


39.5 


333 




1937 


4,096 


143.3 


23 


10.3 


259 


9.9 


225 


59.5 


530 


68.9 


370 


% 


1938 


4,725 


166.2 


22 


9.7 


292 


8.9 


211 


53.9 


571 


56.6 


382 




1939 


5,094 


184.1 


23 


9.4 


284 


9.4 


226 


50.9 


609 


60.9 


395 


2 


1940 


5,311 


204.5 


24 


9.1 


* 


7.8 


246 


59.8 


656 


65.8 


424 


4 


1941 


5,345 


205.8 


22 


8.3 


* 


8.1 


282 


68.7 


643 


64.4 


512 




1942 


4,841 


186.4 


21 


8.7 


* 


19.2 


285 


70.0 


604 


60.4 


580 




1943** 


3,652 


140. G 


17 


7.8 


* 


13.5 


288 


71.6 


579 


67.6 


609 







Coal 


Petroleum 


Natural Gas 


Asbestos 


Sa 


LT 


Sulpha 




tons mm. 


$ mm. 


bbl. 000 


$ mm. 


ru. ft. 
billions 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


n 


1926 


16 


59.9 


364 


1.3 


19 


7.6 


279 


10.1 


263 


1.5 


9 




1927 


17 


61.9 


477 


1.5 


21 


8.0 


275 


10.6 


269 


1.6 


25 




1928 


18 


63.8 


624 


2.0 


23 


8.6 


273 


11.2 


299 


1.5 


39 




1929 


17 


r»:!.i 


1,117 


3.7 


28 


10.0 


306 


13.2 


330 


1.6 


43 




1930 


15 


52.8 


1 ,522 


5.0 


29 


10.3 


242 


8.4 


272 


1.7 


38 




1931 


12 


41.2 


1,543 


4.2 


26 


9.0 


164 


4.8 


259 


1.9 


50 




1932 


12 


37.1 


1,044 


3.0 


23 


8.9 


123 


3.0 


264 


1.9 


53 




1933 


12 


35.9 


1.145 


3.1 


23 


S.7 


158 


5.2 


280 


1.9 


~u 




1934 


14 


42.0 


1,411 


3.4 


23 


8.8 


156 


4.9 


322 


2.0 


:,2 




1935 


14 


42.0 


1 ,447 


3.5 


25 


9.4 


210 


7.1 


360 


1.9 


67 




1936 


15 


45.8 


1 ,500 


3.4 


28 


10.8 


301 


10.0 


391 


1.8 


122 


1 


1937 


16 


48.8 


2,944 


5.4 


32 


11.7 


410 


14.5 


459 


1.8 


131 


1 


1938 


14 


44.0 


6,966 


9.2 


33 


11.6 


290 


12.9 


440 


1.9 


112 


1 


1939 


16 


48.3 


7,826 


9.8 


35 


12.5 


364 


15.9 


425 


2.:^ 


211 


1 


1940 


18 


54.7 


8,591 


11.2 


41 


13.0 


347 


15.6 


465 


2.8 


171 


1 


1941 


18 


58.1 


10,134 


14.4 


43 


12.7 


478 


21.5 


56 1 


3.2 


260 


1 


1942 


19 


62.9 


10,365 


16.0 


46 


13.3 


439 


22.7 


(..-.4 


3.8 


304 




1943** 


18 


62.4 


9,958 


16.1 


43 


11.7 


427 


21.7 


7(H) 


4.0 


261 


1 



(1) 1926- ,i(). inclusive, valued at $20.67 tine ox: thereaftei "World Price" in Canadian fund.-. .' Excluding clay products and othei structural matcnal 



I'EB. - MAR. 1944 



32 



(HON : 1926-43 

* talistics 



Mercury 



lbs. OOO $ mm 



Iron Ore 



tons 000 



$ mm. 



Magnesium 



lbs. 000 



$ mm. 



All Other 

Metalucs 

$ mm. 



Total 

Metallics 

$ mm. 



19.2 
16.5 
15.6 
16.5 
13.1 
7.3 

5.4 

6.4 

8.4 

10.6 

15.0 

21.1 

14.0 
12.3 
15.9 

15.5 

17.2 
16.7 



154 

536 

1,036 

1,709 



.4 
1.3 
2.9 
4.6 



124 
415 
516 
545 

641 



.3 
1.2 
1.4 

1.5 
2.1 



11 

809 

7,150 



.4 

2.2 



1.3 
2.0 
2.2 
3.0 
1.6 
1.2 

.7 
.9 
1.3 
1.8 
2.6 
3.0 

2.1 
4.0 
3.6 
4.3 
5.7 



115 
114 
132 
154 
143 
121 

112 
147 
194 
222 
259 
334 

323 
344 
383 
395 
392 
357 



1926 
1927 
1928 
1929 
1930 
1931 

1932 
1933 
1934 
1935 
1936 
1937 

1938 
1939 
1940 
1941 
1942 
1943 



Gypsum 


Sodium Sulphate 


Peat Moss 


Magnesitic 
Dolomite 


All Other* 2 ' 
non-metallics 
$ mm. 


Total' 2 ' 

Non- 

Metallics 

$ mm. 




00 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 




4 


2.8 


7 








5 


.1 


1.9 


85 


1926 


3 


3.3 


6 


- 


- 


- 


7 


.2 


1.6 


89 


1927 


6 


3.7 


6 


.1 


- 


- 


13 


.3 


1.6 


93 


1928 


2 


3.3 


5 


.1 


- 


- 


19 


.5 


2.1 


98 


1929 


1 


2.8 


32 


.3 


- 


- 


13 


.3 


1.4 


83 


1930 


4 


2.1 


45 


.4 


- 


- 


11 


.3 


.9 


65 


1931 


9 


1.1 


22 


.3 


— 


— 


* 


.3 


.7 


57 


1932 


3 


.7 


50 


.5 


- 


- 


* 


.4 


.8 


58 


1933 


1 


.9 


67 


.6 


- 


- 


* 


.4 


1.3 


65 


1934 


2 


.9 


45 


.3 


- 


- 


* 


.5 


1.2 


67 


1935 


4 


1.3 


76 


.6 


- 


- 


* 


.8 


1.4 


77 


1936 


7 


1.5 


80 


.6 


- 


- 


* 


.7 


2.2 


88 


1937 


9 


1.5 


63 


.6 


— 


_ 


* 


.4 


1.7 


85 


1938 


2 


1.9 


71 


.6 


- 


- 


* 


.5 


2.0 


96 


1939 


9 


2.1 


94 


.8 


- 


- 


* 


.9 


2.5 


105 


1940 


3 


2.2 


116 


.9 


28 


.6 


* 


.8 


3.4 


120 


1941 


6 


1.3 


131 


1.1 


54 


1.1 


* 


1.1 


3.7 


129 


1942 





1.2 


87 


.9 


64 


1.4 


* 


1.3 


4.2 


127 


1943 



lailable. ** Preliminary. 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 

I Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. 

Yields of Govt. Bonds, Canada, U.K. and U.S. A 

IV Profit Statistics for 627 Companies . 
V Bond Issues and Retirements 

VI Business Activity 

VII Wholesale Prices . . . . . 

VIII Newsprint: North America 

Newsprint: North America 

IX Grains: Acreage and Production 

X Imports: Commodity Classification . 



Pages 
33 - 34 



35 -36 
33 
34 
35 
36 



37 
37 
38 

38 

39-40 

41 

42 

42 

43 
43 

44 

45 - 46 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



APR. - MAY. 1944 



oo 



Millions of Dollars 



A^KIL - MAY IV 

i-;a 











LIABILITIES 






1 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


'iti 




Notes 
in Tills 


Deposits 

at 
B.of C. 


Total 


.-51 

>r 

Lisiili 


Average of 


















Month-end Figures 


















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


90 


1936—12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


22 


1937— 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


72 


1938— 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


N 


1939— 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


I 


1940— 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


6( 


1941- 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


!( 


1942— 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


3. 


1943— 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,7^ 


End of 


















1942— Dec. 


121.1 


259.9 


381.1 


51.6 


19.1 


572.5 


24.0 


1,U 


1943— Jan. 


103.2 


237.7 


340.8 


14.8 


61.3 


574.4 


26.3 


i,r 


Feb. 


92.0 


258.5 


350.4 


21.5 


15.3 


599.7 


17.9 


i,> 


Mar. 


108.7 


261.0 


369.7 


21.2 


24.7 


610.4 


19.4 


Mi 


Apr. 


108.6 


284.5 


393.1 


56.5 


35.5 


635.5 


42.6 


1,3: 


1943— Dec. 


122.9 


340.2 


463.1 


20.5 


17.8 


751 .5 


55.4 


1,M 


1944— Jan. 


120.2 


360.9 


481.1 


34.8 


22.3 


740.4 


33.8 


i,i; 


Feb. 


114.4 


362.7 


477.1 


40.1 


31.5 


761.0 


19.8 


i,a 


Mar. 


100.3 


359.2 


459.5 


65.8 


22.8 


797.6 


44.5 


i,« 


Apr. 


116.0 


385.2 


501.2 


24.6 


17.4 


799.3 


28.8 


1,7' 



ir "Month-end Figures" rather than "Average of Wednesday Figures" which usually appear under this heading. (1) Includes "Other Securities". 

Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were s<t ' 



CHARTERED BANK CANADIAN DEPOSITS 8. ACTIVE NOTE CIRCULATION : 1939-44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4900 



4300 



3700 




3100 



2500 



4900 



4300 



3700 



3100 



2500 



* Chartered Bank note circulation and Bank of Canada notes in public circulation. 



"APRIL - MAY 


1944 • 


















( CANADA* 


















Millions of Dollars 


■ 








ASSETS 












— 




Reserve 






Securities 


Advances 


All 
Other 

Accounts 




d 
1.2 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 

Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total'" 




1.4 


7.6 


160.1 


56.41 


27.4 


95.0 


123.0 


3.4 


3.9 


Average of 
Month-end Figures 

1935-10 Mths. 


1.8 


1.8 


9.5 


191.1 


60.99 


38.3 


80.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


.0 


2.5 


19.0 


203.5 


56 .50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


1.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


0.3 


1938 


8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


0.7 


1939 






* 


* 


* 


* 


* 


* 








.3 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20. 8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




_ 


.5 


.5 




807.2 


209.2 


1,016.4 


1.3 


30.1 


End of 

Dec— 1942 




- 


.3 


.3 




76S.0 


231.8 


999.7 


- 


17.0 


Jan.— 1943 




- 


.3 


.3 




722.2 


203.8 


985.9 


- 


18.5 


Feb. 




- 


.3 


.3 




752.5 


276.4 


1,028.9 


- 


10.2 


Mar. 




- 


.6 


.6 




S50.4 


278.0 


1,128.4 


- 


34.2 


Apr. 




_ 


.6 


.6 




787.0 


472.8 


1,260.4 


_ 


47.3 


Dec— 1943 




- 


.4 


.4 




799.9 


480.8 


1,286.7 


- 


25.4 


Jan.— 1944 




- 


.2 


.2 




789.2 


508.9 


1,298.1 


- 


31.3 


Feb. 




- 


.3 


.3 




7X8.9 


557.0 


1,345.9 


- 


44.0 


Mar. 






.2 


.2 




777.1 


507.7 


1,344.7 


— 


20.4 


Apr. 



34 



!: H0 and subsequent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
j Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS : 1939 -44 





MILLIONS OF DOLLARS 


























MILLIONS 


OF DOLLARS 








MONTHLY AVERAGE OF DAILY FIGURES 






4800 


















4200 










N/ # N 


\ 


1 
1 










/ I 
/ f 

Jl 
1 

1 


\' 


3600 
3000 








/ * 






CASH 


* 
N CANADA 1 


K A 1 


./ 

*» 




J'' 
J t 

• — ** 




/ 5 

r 


<C. 


:anadian DEPOSITS 












7AC\C\ 














C.H\J\1 














n ! 


= 









































480 



420 



360 



300 



240 



J S D M 

1939 

* Sec note (3) on page 35. 



J 
1940 



M J 

1941 



J 
1942 



J 
1943 



M 
1944 



II— CtkB 



Millions of Dollars 





LIABILITIES 






Notes 


Deposits 


Cash 

in (3) 


Securities! 








Dom. 


Canadian 




Total (2 , 


DOM.-PROV. 






Demand 


Time 


and Prov. 


Deposits (1) 


Foreign 


Deposits 


Canada 






Under2yrs. 


Over 2 yrs. i 


Average of 






















Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


1938 


100 


690 


1,630 


94 


2,449 


408 


2,892 


252 


447 


696 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 


1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 1 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 : 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 1 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


End of 






















1942— Dec. 


62 


1,499 


1,673 


485 


3,608 


545 


4,287 


381 


1,262 


739 1 


1943— Jan. 


60 


1,431 


1,723 


340 


3,435 


555 


4,126 


341 


1,263 


743 


Feb. 


58 


1,512 


1,795 


226 


3,466 


550 


4,161 


350 


1,301 


779 


Mar. 


55 


1,659 


1,890 


268 


3,750 


550 


4,443 


370 


1,657 


715 


Apr. 


53 


1,800 


1,926 


257 


3,923 


563 


4,628 


393 


1,786 


719 1 


1943— Dec. 


43 


1,697 


1,948 


750 


4,356 


655 


5,149 


463 


1,664 


963 


1944— Jan. 


42 


1 ,673 


2,026 


573 


4,244 


645 


5,025 


481 


1,670 


956 


Feb. 


41 


1 ,754 


2,124 


339 


4,180 


654 


4,974 


477 


1,681 


978 


Mar. 


40 


1,892 


2,225 


251 


4,340 


666 


5,140 


459 


1,796 


1,010 I 


Apr. 


39 


1,987 


2,254 


265 


4,483 


691 


5,297 


501 


1,996 


1 ,033 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and -e 



CHARTERED BANKS : CANADIAN DEPOSITS : 1939-44 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



2500 



2000 



1500 



2500 



2000 



1500 




1000 



S DMJ SDMJS 

1939 1940 194 1 

* Chiefly Dominion and Provincial Government and Foreign Hanks. 



M J S 

1942 



I 



TPRIL - MAY 1944 

BBANKS 



6b 



Call 



140 
267 
117 

67 
55 
44 

34 
29 
35 

31 
29 
29 

24 
25 

48 
53 
52 
41 

42 



ASSETS 



Loans 



CANADA 



Current 
Public 



934 
1 ,343 
1,032 

786 
855 
969 

1,091 
1,075 
1,053 

1,100 

1,036 

979 

936 

905 

1,104 

1 ,037 

955 

931 

867 



Current 
Other 



87 
112 

165 

129 
133 

122 

95 
80 
62 

68 

64 
65 
67 

(ili 

53 
48 

48 
51 
53 



ABROAD 



Call 



250 
301 

84 

51 

48 
44 

44 
56 

81 

74 
71 
86 

81 
91 

96 

95 

107 

94 

SO 



Current 



261 
248 

172 

158 

145 
138 

133 
127 
102 

113 
111 
105 
112 
114 

100 

101 
102 

112 
117 



Total 

Assets 



2,864 
3,528 
2,869 

3,349 
3,592 
3,707 

4,008 
4,400 
5,149 

4,767 
4,602 
4,638 
4,914 
5,091 

5,609 
5,480 
5,426 
5,589 
5,742 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 
in <3) 
Canada 


Canadian 
Deposits 

(4) 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 
Note (5 ) 
Circulation 




192 


1 ,958 


9.8 


195 1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


254 


2,412 


10.5 


205 


1938 


269 


2,582 


10.4 


2 Hi 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,2(13 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


3S0 


3.53S 


10.7 


619 


Dec. -1942 


371 


3,401 


10.6 


(iOS 


Jan. -1943 


373 


3,441 


10.8 


024 


Feb. 


378 


3,605 


10.5 


646 


Mar. 


3S4 


3,781 


10.2 


000 


Apr. . 


468 


4,207 


11.0 


709 


Dec .-1943 


4 SO 


4,200 


11.4 


763 


Jan. -1944 


4S2 


4,124 


11.7 


779 


P'eb. 


491 


4,163 


11.8 


801 


Mar. 


510 


4,352 


11.7 


81 X 


Apr. 



ven are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1939-44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4300 



3700 



3100 



2500 



1000- 



4300 




rtrKIL - iVI/\ K IV 



III— SECURITY PRICES 

Bank of Canada 







Dominion 


of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of B 


usiness Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 
9 Year 
Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3,16 


2.90 


2.13 


1.54 


1940 


88.46 


3:39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


Monthly 

1943— May 


94.50 


3.17 


3.00 


2.83 


2.22 


1.50 


June 


94.66 


3.17 


3.00 


■ 2.81 


2.22 


1.50 


July 


94.75 


3.17 


3.00 


2.79 


2.23 


1.50 


Aug. 


94.84 


3.16 


3.00 


2.77 


2.23 


1.51 


Sept. 


95.00 


3.16 


3.00 


2.77 


2.23 


1.52 


Oct. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.53 


Nov. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.54 


Dec. 


94.66 


3.17 


3.00 


2.76 


2.24 


1.55 


1944— Jan. 


94.72 


3.17 


3.00 


2.74 


2.21 


1.52 


Feb. 


95.78 


3.13 


3.00 


2.71 


2.17 


1.48 


Mar. 


96.95 


3.09 


3.00 


2.69 


2.15 


1.46 


Apr. 


97.00 


3.09 


3.00 


2.68 


2.15 


1.45 


May 


97.00 


3.09 


3.00 


2.69 


2.15 


1.45 



2.6% 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1938-44 




JO/ ° MJSDMJSDMJSOMJSDMJSDMJSDMJSD 

1938 1939 1940 1941 1942 1943 1944 

1. Prior to 1940 figures are for 1st of month only. 2. Prior to 1°40 figures are average of month 



26% 



32% 



38% 



\PR1L - MAY 1V44 



30 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Month Treasury Bills 








Average o; 


Business Days 




Tender Rate Nearest 15 th of Month 




Canada 01 


U. 


K.(» 


U.S.A.") 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 






_ 










.590 


.611 


.053 


1939 


- 


- 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


Monthly 

1943— Mar. 


100.13 


3.05 


101.67 


2.83 


103.50 


2.19 


.498 


1.001 


.371 


Apr. 


100.10 


3.05 


101.23 


2.87 


103.72 


2.17 


.498 


1.012 


.373 


Mav 


100.20 


3.04 


100.57 


2.94 


103.97 


2.14 


.498 


1.001 


.372 


June 


100.38 


3.03 


100.47 


2.95 


104.09 


2.13 


.497 


1.003 


.374 


July 


100.42 


3.02 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 


Aur. 


100.50 


3.02 


100.51 


2.94 


104. 26 


2.11 


.496 


1.049 


.374 


Sept. 


100.50 


3.02 


100.68 


2.93 


103.96 


2.14 


.462 


1.046 


.376 


Oct. 


100.50 


3.02 


100.76 


2.92 


103.88 


2.14 


.433 


.999 


.375 


Nov. 


100.50 


3.02 


100.84 


2.91 


103.57 


2.17 


.411 


1.001 


.375 


Dec. 


100.58 


3.01 


101.08 


2.88 


103.31 


2.19 


.416 


1.017 


.375 


1944— Jan. 


100.87 


2.98 


101.00 


2.89 


103.29 


2.19 


.407 


1.010 


.374 


Feb. 


101.20 


2.95 


101.04 


2.88 


103.44 


2.18 


.390 


1.003 


.374 


Mar. 


101.42 


2.92 


100.82 


2.91 


103.62 


2.16 


.387 


.999 


.375 


Apr. 


101.45 


2.92 


100.73 


2.92 


103.67 


2.15 


.389 


1.011 


.375 


May 


101.38 


2.93 


100.69 


2.92 


103.66 


2.15 


.389 


1.000 


.375 



v l) Dominion of Canada 3% due Nov. 1, 1953-56 at 101. 
(3) II. S. Treasury 2 l A% due Mar. 15, 1956-58. 



(2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS 

Daily Opening Quotations 



CANADA, U.K. & U.S.A.: 1943-44 




21% 



22% 



2.9% 



30% 



31% 






rtrniL - ivm* iy^ 



IV— PROFIT STATISTICS FOR 627 COIP 

Compiled by fitii 



GROUP 1 : ASSETS OVER $25 mm.*: 44 COMPANIES 



Fiscal Year Nearest to Calendar Year 



1936 



1937 



1938 



1939 



1940 



1941 



Net Operating Profit (Before Depreciation) 

Depreciation, Deferred Development & Patent Write-Off s 

Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) . . . . 

Net Profit before Income and Excess Profits Tax Prevision. 
Income and Excess Profits Tax Provision {ex. Refundable Portion) 

Net Income to Stockholders 

Forced Saving {Refundable Portion of Excess Profits Tax) 

Net Income Available for Dividends 



235.4 
59.2 
38.4 
36.2 

178.4 
30.0 




290.9 
63.2 
42.5 
35.7 

234.5 
39.5 

195.0 



195.0 



249.8 
63.1 
40.3 
35.4 

191.6 
33.7 

157.9 



157.9 



284.1 
65.2 
35.6 
35.7 

218.8 
43.6 

175.2 



175.2 



360.1 
79.6 
28.7 
36.8 

272.4 
97.9 

174.5 



174.5 



441.8 

107.3 

32.3 

36.7 

330.1 
147.1 

183.0 



183.0 



Net Income Paid Out in Cash Dividends. 
Undistributed Income (ex Forced Saving) . 



126.2 

DO 



155.S 
39.2 



151.7 
6.2 



146.7 
28.5 



138.2 
36.3 



137.0 
46.0 



GROUP 2 : ASSETS $5 - 25 mm. : 129 COMPANIES 



Net Operating Prcfit (Before Depreciation) 

Depreciation, Deferred Development & Patent Write-Off s 

Investment and Other Non-Operating Income (Net) 

Bond Interest {in I. Exchange & Amortization of Discount). . . . 

Net Profit before Income and Excess Profits Tax Provision . 
Income and Excess Profits Tax Provision {ex. Refundable Portion) 

Net Income to Stockholders 

Forced Saving {Refundable Portion of Excess Profits Tax) 



Net Income Available for Dividends 



115.4 


134.0 


us. 7 


150.5 


183.5 


238.5 


31.7 


33.7 


31.6 


37.1 


44.1 


54.9 


7.1 


6.8 


7.0 


8.5 


10.3 


9.5 


12.6 


11.5 


. 11.5 


11.4 


11.2 


10.7 


78.2 


94.6 


81.6 


110.5 


138.4 


182.4 


13.9 


17.0 


15.0 


13.1 


5-5.1 


90.8 


64.3 


77.6 


66.6 


87.3 


83.3 


91.6 


64.3 


77.6 


66.6 


87.3 


83.3 


91.6 


50.9 


55.6 


64.2 


60.7 


61.0 


65.3 


13.4 


22.0 


2.4 


26.6 


22.3 


26.3 



193.2 
102.3 


90.9 

7.1 



Net Income Paid Out in Cash Dividends. 
Undistributed Income (ex Forced Saving) . 



GROUP 3 : ASSETS $1 - 5 mm. : 243 COMPANIES 








Net Operating Profit (Before Depreciation) 


45.6 

13.7 

2.2 

2.7 

31.4 

5.6 

25.8 


5 1 . ( > 

15.2 

2.0 

2.6 

41.8 
7.1 

34.7 


55.0 

15.3 
1.9 
1.4 

39.2 
6.7 

32.5 


67.4 

16.3 
2.1 
1.3 

50.9 
10.0 

40.9 


83.9 

19.1 
2.3 
2.3 

64.8 
26.3 

38.5 


105.5 

22.4 

3.0 

2.3 

83.8 
40.5 

43.3 


U5.7 

24.4 

3.5 

2.2 

92. ti 
49.7 

42.9 
3.6 


Depreciation, Deferred Development & Patent Write-Offs 

Investment and Other Non-Operating Income (Net) 

Bond Interest {incl. Exchange & Amortization of Discount). . . . 

Net Profit before Income and Excess Profits Tax Provision 

Income and Excess Profits Tax Provision {ex. Refundable Portion) 

Net Income to Stockholders 


Forced Saving {Refundable Portion of Excess Profits Tax) 


Net Income Available for Dividends 


25.8 


34.7 


32.5 


409 


38.5 


43.3 


39.3 




Net Income Paid Out in Cash Dividends 


16.5 
9.3 


19. 8 
14.9 


27.0 

5 . ."> 


27.7 

13.2 


30.7 

7.s 


28.9 
14.4 


13.4 


Undistributed Income (ex Forced Saving) 




GROUP 4 : ASSETS UN 


DER $1 


mm. : 21 


1 COMP/ 


kNIES 








Net Operating Profit (Before Depreciation) 


6.4 

2.2 

.5 

.2 

4.5 
.9 

3.6 


8.3 

1.1 

.5 
.3 

6.3 
1.1 

5.1 


7.1 

1.1 

.5 

.3 

5.2 
1.0 

4.2 


2 

2.2 

.(i 

.2 

7.4 
1.6 

5.8 


12.6 

2.7 

.i 
.2 

10.4 
4.8 

5.6 


18.1 

3.3 

.(> 

.2 

15.2 
8.1 

7.1 


20.9 

h4 

. i 
I 


Depreciation, Deferred Development & Patent Write-Offs 

Investment and Other Non-Operating Income (Net) 

Bond Interest {incl. Exchange & Amortization of Discount) . 


Net Profit before Income and Excess Profits Tax Provision. 
Income and Excess Profits Tax Provision {ex. Refundable Portion) 

Net Income to Stockholders 

Forced Saving {Refundable Portion of Excess Profits Tax) 


18.0 
10.7 

7.3 

Q 


Net Income Available for Dividends 


3.6 


5.1 


4.2 


5.8 


5.6 


7.1 


6.4 




Net Income Paid Out in Cash Dividends 


2.3 
1.3 


2.0 

3.1 


4.7 
.5 


3.2 

2.6 


3.8 

l.S 


3.1 

1.0 


2.9 

3.5 


Undistributed Income (ex Forced Saving) 





"WRIL- MAY 1944 




4U 


SlXASSIFIED BY ASSET SIZE*: 1936-42 




rfl Millions of Dollars 




GROUPS 1 - 4 : TOTAL OF 627 COMPANIES* 




Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


l^et Operating Profit (Before Depreciation) 


402.9 


490.9 


430.6 


511.2 


640.1 


803.9 


908.2 


Depreciation, Deferred Development & Patent Write-Off s 


106.8 


114.3 


113.2 


110.8 


145.6 


187.9 


242.3 


nvestment and Other Non-Operating Income (Net) 


48.2 


51.8 


49.8 


46.9 


42.0 


45.4 


40.0 


lond Interest (incl. Exchange & Amortization of Discount) .... 


51.8 


51.1 


49.5 


49.7 


50.5 


50.0 


50.3 


\Iet Profit before Income and Excess Profits Tax Provision. . 


292.5 


377.3 


317.7 


387.6 


486.0 


611.4 


655.6 


r ncome and Excess Profits Tax Provision (ex. Refundable Portion) 


50.3 


64.9 


56.6 


78.4 


184.1 


286.4 


328.5 


vjet Income to Stockholders 


242.2 


312.4 


261.1 


309.2 


301.9 


325.0 


327.1 


forced Saving (Refundable Portion of Excess Profits Tax) 

t«Jet Income Available for Dividends 














- 




- 


19.4 


242.2 


312.4 


261.1 


309.2 


301.9 


325.0 


307.7 












(Net Income Paid Out in Cash Dividends -. 


196.0 


233.3 


247.5 


238.4 


233.7 


234.3 


227.4 


Indistributed Income (ex Forced Saving) 


46.2 


79.1 


13.6 


70. S 


68.2 


90.7 


80.3 






INDEXES BY ASSET SIZE : 1939 = 100 


Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


■Jet Operating Profit (before Depreciation) . . Group 1 . . . . 


83 


102 


88 


100 


127 


156 


182 




2 


77 


89 


79 


100 


122 


158 


170 




3.... 


68 


85 


82 


100 


124 


156 


171 




4.... 
Total. . 


69 


90 




77 


100 


13' 


I 


196 




227 




79 


96 




84 


100 


125 


157 


178 




Vet Profit before Inc. & Excess Profits Tax . . Group 1 . . . . 


82 


107 


88 


100 


125 


151 


161 




2 


71 


86 


74 


100 


125 


165 


175 




3. . . . 


62 


82 


77 


100 


127 


165 


182 




4 

Total.. 


60 


85 
97 




70 


100 


140 


205 




243 




75 




82 


100 


125 


158 


169 




ncome and Excess Profits Tax Provision .... Group 1 . . . . 


69 


91 


77 


100 


225 


337 


Ex. 
Refund 
Portion 

381 


Inc. 
Refund 
Portion 

(398) 


2. ... 


60 


73 


65 


100 


236 


390 


439 


(469) 


3. . . 


56 


72 


67 


100 


263 


405 


497 


(533) 


4 

Total 


56 


75 




63 


100 


300 


500 




669 


(725) 


64 


83 




72 


100 


235 


365 


419 


(444) 


Met Income to Stockholders Group 1 . . . 


85 


111 


90 


100 


100 


104 


Inc. 
Refund 
E.P.T. 

106 


Ex. 
Refund 
E.P.T. 

(102) 


2. ... 


74 


89 


76 


100 


95 


105 


104 


(96) 


3.. 


63 


85 


79 


100 


94 


106 


105 


(96) 


4 . . . 
Total 


61 


87 




71 


100 


96 


122 




125 


(110) 


78 


101 




84 


100 


98 


105 


106 


(99) 


~ash Dividends Group 1 


83 


106 


103 


100 


94 


93 


95 




2. . . . 


84 


92 


106 


100 


100 


108 


98 




3 


60 


71 


97 


100 


111 


104 


94 




4. . . . 
Total . 


72 


63 




147 


100 


119 


97 




91 




82 


98 




104 


100 


98 


98 


95 






78 


138 


22 


100 


127 


162 


Inc. 
Refund 
E.P.T. 

165 


Ex. 
Refund 
E.P.T. 

(138) 


2. ... 


50 


83 


9 


100 


84 


99 


118 


(91) 


3 


71 


113 


42 


100 


59 


109 


129 


(101) 


4 

Total. . 


48 


118 


19 


100 


69 


153 




169 


(135) 


65 


112 


100 


96 


128 


141 


(113) 


|' These tables cover the same data as that on page 83 of the Oct. -Nov. 1943 
, harges and special inventory reserve provision, formerly shown in footnc 
nccording to the size of their total assets (less depreciation inventory and 

i 


Statistical 
tes, have 1 
bad debt re 


Summary 
lere been 
serves) 19 


except th 
deducted f 
41 was tal 


at the rail 
rom net oi 
.en as the 


way categ< 
jerating in 
jase year. 


>ry is ex 
come. 

** Inco 


i 

n 
m 


jded here, 
classifying 
5 was over- 


Depletion 
companies 
distributed. 



<*1 



APRIL - MAY 19 



Par Values in Millions of Canadian Dollars 



V— BOND ISSUES AND RETIREMENTS" 

Bank of Canada 



Calendar Years 

1940 
1941 
1942 
1943 

Quarters 



1943- 



1944- 



I 

II 

III 

IV 

I 



I-Dominion Direct & Guaranteed 
and Other C.N.R. 



New Issues 



706.4 

934.3 

2,072.3 

3,048.5 

119.4 
1,326.1 

16.4 
1,586.6 

17.4 



Retirements 



416.9 
397.6 
534.8 
590.1 

184.1 

32.2 

127.8 

245.9 

23.6 



Net New 

Issues or 

Retirements 



289.5 

536.7 

1,537.5 

2,458.4 

64.7 

1,293.9 

111.4 

1,340.7 

6.3 



II-Provincial Direct and Guaranteed 



New Issues 



New 



79.5 
30.4 
13.8 
45.1 

3.7 
3.0 
36.0 
2.4 
3.4 



Refunding 



89.6 

51.5 

129.5 

101.2 

59.7 
20.7 
20.8 

13.6 



Retirements 



Refunded 



81.4 

66.5 

133.0 

106.1 

55.5 
23.3 
19.9 
7.4 
12.7 



Other 



28.0 
34.0 
45.1 
54.9 

13.2 
13.8 
19.3 
8.6 
17.3 



Net New 

Issues or 

Retirement 



59.7 

18.6 
34.8 
14.7 

5.4 
13.4 
17.6 
13.5 
13.0 





III-CORPORATIONS 




New 


SSUES 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Others 


Calendar Years 

1940 


36.8 


18.3 


17.7 


94.6 


57.2 


1941 


17.5 


3.8 


3.8 


81.3 


63.9 


1942 


7.9 


39.1 


41.7 


81.1 


75.9 


1943 


18.8 


34.6 


34.6 


74.4 


55.6 


Quarters 

1943— I 


12.8 


5.7 


_ 


15.5 


3.0 


II 


1.9 


24.4 


6.6 


30.6 


10.9 


III 


.3 


3.5 


27.0 


10.8 


34.0 


IV 


3.8 


1.0 


1.0 


17.5 


13.7 


1944- I 


1.9 


31.1 


29.5 m 


13.8 


10.3 




IV— Dominion Treasury Bills 
Deposit Certificates and Speci 
Short-Term Issues Sold to Ban 



Net New 

Issues or 

Retirements 



325.0 
290.0 
632.8 
535.0 

410.0 
50.0 

200.0 
25.0 

105.0 



Tctal 

outstanding 

at End of Period 



680.0 

970.0 

1,602.8 

2,137.8 

2,012.8 
1,962.8 
2,162.8 
2,137.8 
2,242.8 



Par Values in Millions of Canadian Dollars 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
* AND CORPORATION BONDS 





NEW ISSUES were payable 1 


n: 




Retirements 


were pay 


able in: 




Net Increase or 
Net Decrease 


























In Bonds Outstan 
Inft Payable: 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada Si. 
New York 


Canada. 
New York 
& London 


London 


Total 




in Canada 

onl\ 


Abroa 


Calendar Years 




























1940 


925.1 


5.2 


.2 


.1 


930.6 


438.5 


7.1 


19.8 


10.9 


162.4 


638.7 


486.5 


194a 


1941 


1,025.3 


11.8 


- 


.4 


1,037.5 


327.0 


29.5 


18.0 


21.4 


187.4 


583.2 


698.3 244A 


1942 


2,235.6 


26.1 


.6 


.4 


2,262.6 


407.9 


11.9 


49.3 


97.5 


269.1 


835.7 


1,827.6 


400.. 


1943 


3,108.8 


139.4 


- 


- 


3,248.2 


519.0 


254.4 


51.2 


21.2 


14.3 


860.1 


2,589.9 


201 A 


Quarters 




























1943— I 


91.6 


109.7 


- 


- 


201.3 


128.0 


131.0 


2.1 


2.7 


4.5 


268.4 


36.4 


30.. 


II 


1,354.7 


21.4 


- 


- 


1,376.1 


82.2 


1.4 


6.4 


12.1 


4.5 


106.6 


1,272.5 


3.1 


III 


68.6 


8.3 


- 


- 


76.9 


41.3 


119.6 


39.8 


1.6 


2.4 


204.7 


27.4 


155.. 


IV 


1,593.9 


- 


- 


- 


1,593.9 


267.5 


2.4 


2.8 


4.8 


2.9 


280.4 


1,326.4 


12}. 


194 1 1 


31.7 


32.4 


3.3 


— 


67.4 


54.3 


2.6 


34. r 


4.5 


1.5 


97.0 


22.6 


7a 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. 15. 19.to, but thereafter conversion is made on the basis of the othi 
of the Foreign Exchange Control Hoard. (1) Subject to revision. War Savings Certificates are im luded. Provincial Treasury Hills are excluded Domini' 
Treasury Bills, Deposit Certificates and special short-term issues sold to banks ue not included in Heading I hut are shown separately in Heading IV. I 
of lack of sufficient data no tabulations of retirements by municipalities and religious institutions was possible. However, the net reduction of total m 
bonded debt less sinking funds has been (in millions of dollars) approximately 30, 46, SS, and 41. respectively in the years l"4(> to io-U. (2) C.P.R. Equi 
ment Trust Certificates for S26 mm. were sold in New York during March to refund the Collateral rrust Bonds which have been called foi June 1st but win 
are shown as refunded during the first quarter. 



VRIL - MAY 1944 



42 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 




Department 


Employ- 


Aggregate 












idential 
Con- 


Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 










Central 


Index 








News- 


struction 


Loadings 




(3) 


O) 




Gold 


Steel 


print 
(u 


Electric 

Stations*" 


Contracts 

Awarded 




Seasonally 

adjusted 

1935-39=100 


Unadjusted 

June 1, 
1941 = 100 


Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual TotalsH) 




















1926 


1,754 


869 


1,889 


9,354 


110 


3,253 


- 


65.1 


- 


1929 


1,928 


1 ,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


- 


1937 


4,096 


1,571 


3,648 


17,934 


56 


2,635 


103.8 


74.6 


- 


1938 


4,725 


1,294 


2,625 


18,056 


55 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


3,121 


3,177 


32,506 


79 


3,3X7 


149.5 


113.6 


128.3 


1943 


3,652 


2,997 


2,983 


35,719 


79 


3,454 


151.0 


120.4 


144.9 


12-Mths. Ending 




















Apr. 1944 


3,424* 


3,017 


3,022 


36,528 


96 


3,560 


153.9 


120.6 


147.2 


1943— Jan. 


334.5 


207.0 


233.5 


2,893 


2.2 


237.3 


148.1 


120.1 


131.7 


Feb. 


327.4 


245.6 


221.8 


2,646 


2.0 


247.4 


154.5 


118.5 


139.3 


Mar. 


347.7 


271.0 


246.9 


2,978 


4.7 


286.3 


164.3 


118.6 


143.0 


Apr. 


323.1 


264.4 


229.6 


2,869 


8.8 


280.2 


153.5 


118.1 


144.1 


1944— Jan. 


257.8 


242.2 


242.7 


3,187 


3.5 


281.0 


151.3 


121.5 


140.4 


Feb. 


256.8 


229.9 


240.0 


2,969 


8.3 


280.3 


156.3 


119.8 


148.1 


Mar. 


266.6 


275.5 


252.1 


3,149 


8.8 


312.2 


174.0 


118.8 


149.1 


Apr. 




260.8 


236.4 


2,889 


13.9 


284.2 


174.0 


118.1 


148.4 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) First of Month. (4) Average of months in case 
of Department Store Sales. Employment and Payrolls Indexes. * 12-Months ending Mar. 1944. 



CANADA 

Dominion Bureau of Statistics 



VII— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Traded 



U.S.A. 

Bureau oj Labor Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


Monthly 












1943-Apr. 


92.3 


97.0 


101.9 


93.0 


99.0 


May 


92.8 


98.0 


102.6 


92.8 


99.3 


June 


94.4 


98.7 


103.1 


92.7 


99.6 


July 


96.4 


100.0 


103.6 


92.8 


100.1 


Aug. 


97.4 


100.4 


103.5 


92.9 


100.4 


Sept. 


97.9 


101.2 


102.5 


93.6 


101.1 


Oct. 


103.6 


103.2 


103.1 


93.7 


101.9 


Nov. 


104.2 


104.0 


103.3 


93.8 


102.4 


Dec. 


104.6 


104.3 


103.2 


93.8 


102.5 


1944^Jan. 


104.0 


104.1 


102.5 


93.8 


102.5 


Feb. 


104.3 


104.6 


102.3 


93.7 


102.7 


Mar. 


104.5 


104.8 


102.6 


93.8 


103.0 


Apr. 


104.0 


104.7 


102.4 


93.8 


102.9 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


131.9 


131.4 


132.7 


131.8 


131.9 


131.6 


134.2 


132.3 


129.4 


130.9 


129.9 


131.5 


12S.7 


131.1 


128.6 


131.3 


129.5 


131.9 


129.8 


132.3 


129.8 


132.8 


129.6 


133.1 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


4S.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


6N. 5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


S3. 5 


S2.7 


S9.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.9 


112.8 


108.4 


100.6 


103.7 


125.7 


114.0 


110.5 


100.7 


104.1 


126.2 


114.3 


109.6 


100.1 


103.8 


125.0 


113.6 


107.2 


99.6 


103.2 


123.5 


112.7 


105.S 


99.7 


103.1 


123.1 


112.4 


105.0 


99.9 


103.1 


122.2 


111.9 


105.1 


100.0 


103.0 


121.4 


1 1 1 .3 


105.8 


100.2 


102.9 


121.8 


112.1 


105.6 


100.2 


103.2 


121.8 


112.2 


104.9 


100.2 


103.3 


122.5 


112.8 


104.5 


100.4 


103.6 


123.6 


113.4 


104.6 


100.5 


1 103.8 


123.2 


113.2 


104.9 


100.8 


103.9 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 
Prices of Finished Products. 



4,5 



APRIL - MAY 19' 



Thousa,7ids of Short Tons 



VIII— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 








SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 


Exports 


Total 


U.S. 


Canadian 




Net 






New- 
foundland 






Increase 




Canada 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


12-Mths. ending 
























Apr. 1944 


3,022 


261 


761 


4,045 


- 


511 


3,533 


3,447 


191 


3,638 


104 


Monthly 

1942-Dec. 


244.2 


19.4 


74.7 


338.3 


— 


17.4 


320.9 


339.7 


16.8 


356.5 


35.6 


1943-Jan. 


233.5 


13.6 


69.8 


317.0 


- 


12.7 


304.2 


302.3 


15.5 


317.8 


13.6 


Feb. 


221.8 


13.8 


64.4 


300.0 


- 


16.2 


283.8 


277.5 


14.7 


292.2 


8.4 


Mar. 


246.9 


15.6 


71.4 


333.8 


- 


21.3 


312.5 


316.1 


16.2 


332.3 


19.8 


Apr. 


229.6 


13.1 


68.0 


310.7 


- 


29.6 


281.1 


324.4 


17.0 


341.4 


60.3 


1943-Dcc. 


249.7 


22.7 


62.2 


334.6 


_ 


55.9 


278.7 


291.2 


16.8 


308.0 


29.3 


1944-Jan. 


242.7 


20.9 


60.4 


323.9 


- 


31.9 


292.0 


259.6 


15.1 


274.7 


17.3 


Feb. 


240.0 


21.6 


53.9 


315.4 


- 


46.0 


269.5 


243.3 


14.9 


258.2 


11.3 


Mar. 


252.1 


18.9 


61.2 


332.2 


- 


48.5 


283.6 


268.9 


15.3 


284.3 


.6 


Apr. 


236.4 


19.7 


54.6 


310.7 


— 


51.5 


259.2 


268.2 


15.2 


283.4 


24.2 



NEWSPRINT: NORTH AMERICA: 1936-44 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 



4400 



4000 



3600 



440C 



4000 




3600 



1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 

(1) Total supply: see above table. (2) See above table. (3) Cumulative difference ol (sO Retained Production plus Imports and i.b) Estimated 

Consumption by Publishers. For monthly figures sit above table. 



PR 1 1. - MAY 1944 



44 



IX— GRAINS : ACREAGE AND PRODUCTION : 1937-44 

Dominion Bureau of Statistics 



WHEAT 



mm. bus. mm. acres 



OATS 



mm. bus. mm. acres 



BARLEY 



mm. bus. mm. acres 



RYE 



mm. bus. mm. acres 



FLAXSEED 



mm. bus. mm. acres 



OTHER GRAINS 



mm. bus. mm. acres 



(2) 

SUMMER 
FALLOW 



mm. acres 



Total 



mm. acres 















TOTAL CANADA 














J 1 

H937 


180.2 


25.6 


268.4 


13.0 


83.1 


4.3 


5.8 


.9 


.8 


.2 


49.3 


1.7 


15.2 


60.9 


.11938 


360.0 


25.9 


371.4 


13.0 


102.2 


4.5 


11.0 


.7 


1.3 


.2 


53.9 


1.7 


16.2 


62.3 


1939 


520.6 


26.8 


384.4 


12.8 


103.1 


4.3 


15.3 


1.1 


2.0 


.3 


59.0 


1.7 


16.0 


63.0 


11940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


.4 


56.8 


1.7 


17.3 


65.8 


4941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


4942 


556.1 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943f 


293.7 


17.5 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


67.4 


1944** 




21.3 




15.0 




7.9 




.5 




2.1 




* 


19.5 




MANITOBA 


1937 


45.1 


2.9 


43.1 


1.4 


34.8 


1.4 


2.5 


.1 


.4 


_ 


.7 


_ 


2.0 


7.9 


1938 


50.0 


3.2 


41.0 


1.5 


31.0 


1.4 


3.2 


.2 


.3 


- 


.7 


- 


2.0 


8.3 


1939 


61.3 


3.2 


34.5 


1.4 


28.0 


1.3 


2.0 


.2 


.4 


.1 


.7 


- 


2.2 


8.4 


1940 


66.4 


3.5 


33.0 


1.3 


27.5 


1.3 


2.3 


.2 


.8 


.1 


.6 


- 


2.2 


8.5 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


2 


3.0 


.1 


2.8 


8.5 


1942 


53.7 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943f 


41.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944** 




2.0 




1.6 




2.2 




- 




2 




* 


2.2 




SASKATCHEWAN 


1937 


36.0 


13.9 


22.3 


4.4 


5.5 


1.2 


.6 


.5 


.2 


2 


.1 


_ 


8.6 


28.8 


! 1938 


137.8 


13.8 


90.0 


4.2 


20.0 


1.2 


3.4 


.3 


.7 


.1 


.4 


- 


9.8 


29.4 


1 1939 


271.3 


14.2 


112.0 


4.1 


26.0 


1.1 


9.3 


.6 


1.3 


.2 


.7 


- 


9.2 


29.6 


f. 1940 


266.7 


15.6 


93.0 


3.9 


23.5 


1.3 


7.0 


.6 


1.7 


.2 


.5 


- 


10.2 


31.8 


1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


_ 


13.8 


33.0 


|1942 


304.4 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


j 1943f 


156.0 


10.3 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


34.5 


1944** 




12.7 




6.0 




3.0 




.3 




1.4 




* 


11.4 




ALBERTA 


1937 


75.7 


7.8 


77.0 


2.8 


22.1 


1.0 


1.2 


.2 


.1 


_ 


.3 


_ 


4.6 


16.4 


1938 


148.2 


s.o 


101.0 


2.9 


29.2 


1.1 


2.7 


.2 


.2 


- 


.5 


- 


4.4 


16.6 


1939 


161.4 


S.4 


85.0 


2.7 


27.0 


1.1 


2.4 


.2 


.3 


- 


.6 


- 


4.6 


17.0 


1940 


180.7 


8.7 


103.0 


2.6 


32.0 


1.1 


3.0 


.2 


.4 


- 


.8 


- 


4.9 


17.6 


1941 


98.0 


6.5 


63.8 


2.S 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 


.1 


6.5 


17.7 


1942 


170.4 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


2 


2.2 


2 


2.7 


.1 


5.9 


17.9 


1943f 


80.0 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.<; 


2.2 


.1 


6.3 


17.8 


1944** 




5.8 




3.4 




2.1 




.1 




.4 




* 


6.0 

















OTHER 


. PROVINCES 














1937 


23.4 


1.0 


126.1 


4.5 


20.7 


.8 


1.4 


.1 


./ 





48.2 


1.6 


* 


7.9 


1938 


24.0 


1.0 


139.3 


4.5 


22.0 


.8 


1.6 


.1 


./ 


- 


52.3 


1.6 


* 


8.0 


1939 


26.6 


.9 


152.9 


4.6 


22.1 


.7 


1.6 


.1 


./ 


- 


57.0 


1.6 


* 


8.0 


1940 


26.4 


1.0 


151.5 


4.5 


21.3 


.7 


1.7 


.1 


.2 


- 


54.9 


1.6 


* 


7.9 


1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


./ 


— 


62.4 


1.9 


* 


7.5 


1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


- 


80.8 


2.0 


* 


7.7 


1943f 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


- 


43.4 


1.7 


* 


6.7 


1944** 




.8 




3.9 




.5 




.1 




- 




* 


* 




) Buckwh 


?at. mixed 


grains and 


shelled co 


n. (2) Pr 


airie Provi 


nces only. 


t Prelimii 


lary. ** 


Estimate. 


* Not ava 


liable. 





























nri\iL 


- ivin i i' j 


















X— MERCHANDISE IMPO I 




















Trade of Canac 


Millions of Dollars 
















I) 


Calendar 
Years 


Fruits 
and 
Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(inc. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Meats 


Alcoholic 

Beverages 

(l) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(.inc. syn- 
thetic) 


Furs 


Hides IjC 

and 1 

Leather 

(unmfd. \m 

and mfd.) h 


1926 


34 


6 


17 


38 


19 


5 


28 


12 


30 


13 


18 


1927 


38 


8 


22 


40 


18 


4 


42 


10 


28 


16 


22 


1928 


42 


9 


23 


35 


19 


5 


48 


10 


24 


17 


26 


1929 


39 


11 


26 


28 


18 


7 


47 


12 


23 


15 


20 


1930 


35 


9 


17 


27 


18 


7 


38 


11 


13 


10 


16 


1931 


27 


7 


9 


23 


11 


2 


27 


7 


7 


6 


10 


1932 


21 


5 


6 


17 


10 


1 


17 


5 


4 


4 


6 


1933 


18 


4 


5 


16 


10 


1 


14 


6 


5 


4 


7 


1934 


22 


4 


9 


17 


13 


1 


15 


6 


10 


5 


7 


1935 


24 


5 


9 


19 


11 


1 


10 


11 


10 


5 


9 


1936 


28 


6 


13 


21 


13 


1 


8 


11 


12 


7 


10 


1937 


30 


6 


18 


24 


14 


1 


8 


16 


20 


8 


12 


1938 


24 


6 


17 


21 


14 


2 


7 


11 


11 


6 


8 


1939 


28 


7 


9 


23 


15 


4 


7 


9 


16 


7 


12 


1940 


32 


8 


7 


29 


15 


5 


6 


9 


35 


9 


12 


1941 


35 


7 


8 


30 


16 


2 


6 


12 


39 


9 


13 


1942 


36 


9 


9 


18 


16 


2 


7 


11 


23 


6 


14 


1943 


51 


14 


10 


26 


20 


2 


5 


10 


24 


9 


13 





















































Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs. Ingots 
Blooms 

and 
Billets 


Bars and 

Rods inc. 

Rails 


Sheets. 

Plates. 

Hoop. Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines. 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 
agri- 
cultural) 


Motor 

Vehicles 

and 

Parts 


- 


1926 


31 


3 


2 


10 


30 


s 


5 


14 


18 


39 


52 


1927 


33 


3 


2 


9 


28 


8 


5 


17 


26 


46 


64 




192S 


37 


4 


3 


12 


33 


11 


6 


IS 


40 


57 


91 




1929 


40 


5 


3 


12 


38 


15 


6 


18 


32 


70 


86 




1930 


37 


3 


1 





33 


S 


3 


11 


22 


50 


46 




1931 


31 


2 


1 


3 


16 


4 


2 


s 


4 


29 


23 




1932 


28 


- 


- 


2 


11 


1 


2 


6 


2 


17 


13 




1933 


24 


- 


- 


1 


13 


1 


1 


5 


2 


12 


12 




1934 


28 


2 


1 


2 


17 


1 


2 


7 


.3 


19 


22 




1935 


30 


3 


1 


3 


21 


2 


2 


8 


6 


20 


28 




1936 


32 


3 


1 


3 


23 


2 


2 


8 


9 


29 


33 




1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 




1938 


35 


3 


1 


3 


21 


2 


3 


S 


20 


37 


39 




1939 


44 


4 


1 


3 


26 


3 


3 


s 


21 


43 


42 




1940 


52 


6 


4 


8 


41 


7 


4 


12 


31 


72 


64 




1941 


65 


7 


11 


9 


43 


9 


6 


33 


31 


130 


79 




1942 


(17 


6 


12 


13 


52 


16 


7 


20 


24 


72 


M 




1943 


70 


9 


11 


12 


36 


IS 


9 


47 


20 


106 


72 





ir A wide variety of military equipment and materials for the munitions industry is included in this grouping which consists chiefly ol items adi 
special conditions (largely Orders-in-Council P.C. 8097. 8255 and 8600). They are to a considerable extent the property ol allied governments b 
as well certain goods on Canadian Account. It is emphasized that there is noclearfunction.il distinction between this grouping and the other heading 



IJPRIL - MAY 1944 



46 



i]JMODITY CLASSIFICATION 



ireau of Statistics 







































Millions of Dollars 


dtton 


SlI.K 

(raw and 
mfd.) 


Wool 


Artificial 
Silk 


Flax. Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




r 


Mfd. 


Raw and 

Unmfd. 


Mfd. 


Calendar 
Years 




33 


30 


10 


39 


6 


16 


28 


11 


13 


22 


1926 




33 


29 


10 


39 


7 


15 


28 


12 


14 


24 


1927 




33 


30 


11 


42 


11 


16 


30 


13 


16 


28 


1928 




34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 




26 


21 


6 


33 


14 


12 


23 


13 


17 


20 


1930 




17 


14 


5 


15 


6 


8 


16 


10 


14 


12 


1931 




13 


10 


5 


11 


3 


7 


13 


7 


10 


6 


1932 




13 


7 


7 


11 


3 


7 


10 


5 


8 


5 


1933 




15 


7 


9 


14 


2 


8 


11 


6 


9 


7 


1934 




16 


8 


9 


14 


2 


8 


12 


6 


10 


7 


1935 




17 


7 


12 


16 


3 


9 


16 


7 


12 


9 


19.36 




20 


8 


16 


19 


4 


11 


17 


8 


15 


12 


1937 




16 


7 


10 


16 


4 


9 


14 


8 


15 


9 


1938 




19 


9 


11 


16 


6 


9 


15 


9 


15 


10 


1939 




25 


10 


26 


21 


7 


15 


IS 


9 


17 


13 


1940 




32 


4 


28 


21 


10 


14 


18 


9 


15 


13 


1941 




48 


2 


34 


22 


11 


13 


18 


11 


16 


11 


1942 




52 


1 


34 


24 


12 


15 


23 


11 


18 


11 


1943 



:e 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


War 
Materials 

• 


All 
Other 
Imports 


Total 
Imports 


Calendar 
Years 




4 


17 


31 


67 


52 


9 


25 


_ 


59 


1,008 


1926 




3 


19 


37 


67 


53 


8 


27 


- 


63 


1,087 


1927 




3 


24 


39 


61 


62 


9 


30 


- 


66 


1,222 


1928 




3 


37 


48 


64 


77 


11 


35 


- 


75 


1,299 


1929 




2 


30 


33 


63 


66 


8 


28 


— 


63 


1,008 


1930 




1 


17 


18 


41 


40 


6 


19 


- 


48 


628 


1931 




1 


8 


11 


35 


43 


5 


13 


- 


33 


453 


1932 




1 


5 


10 


31 


31 


4 


12 


- 


26 


401 


1933 




2 


8 


14 


40 


41 


5 


16 


- 


30 


513 


1934 




2 


9 


20 


38 


44 


6 


17 


— 


31 


550 


1935 




2 


11 


19 


40 


50 


7 


20 


- 


39 


635 


1936 




3 


16 


25 


42 


59 


9 


27 


- 


48 


809 


1937 




2 


13 


21 


39 


55 


7 


20 


- 


50 


677 


1938 




3 


14 


22 


46 


56 


8 


23 


7 


48 


751 


1939 




6 


21 


39 


56 


66 


10 


30 


69 


53 


1,082 


1940 




10 


28 


48 


69 


75 


12 


34 


221 


42 


1,449 


1941 




4 


28 


38 


92 


81 


11 


38 


437 


49 


1,644 


1942 




2 


49 


44 


113 


90 


11 


37 


380 


70* 


1,735 


1943 



ind steel and non-ferrous metals, the factor determining classification being the conditions of ownership and admission rather than the physical description 
: goods. (11 Before 1935 import totals are substantially overvalued owing to the inclusion of U.K. excise taxes on spirits imported from that country, 
ot available, included in "All Other Imports". 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 

Bank of Canada: 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 

Cash in Canada and Canadian Deposits 

Canadian Deposits ........ 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Bank of Canada and Chartered Banks: Consolidated Items . 

IV Security Prices: 

Govt. Securities, Canada, U.K. and U.S. A 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 

V Public Finance: Federal Government: 

Cash Requirements 

Sources of Financing . 

VI Business Activity 

Production of Steel Ingots and Castings 

VII Wholesale Prices 

VIII Cost of Living 

IX Financial Statistics of 625 Companies: 
Total of 625 Companies 
Group 1 : Assets over $25 mm. 
Group 2: Assets $5-25 mm. 
Group 3: Assets $1-5 mm. 
Group 4: Assets under $1 mm. 

X Employment and Payrolls 

XI Exports and Imports by Countries 

XII U.S.A. Statistics: 

Banking, Security Market, Production, Income and Prices 



Pages 

47 -48 



49 - 50 

47 

48 

. 49 

50 

51 . 



51 
52 
52 

53 

54 

:^ 
55 

56 

56 

57 
58 
59 
60 
61 

62 

63 

64 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 

Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JUNE - JULY 1944 



47 

















JUNE- JULY 19 




Millions of Dollars 
















I- 


A 




LIABILITIES 






Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


n 


r? 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


A 
Lia 


le 

>r 
Hi 


Average of 


















Month-end Figures 


















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


10 


1936—12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


12 


1937— 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


v. 


1938— 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


n 


1939— 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


te 


1940— 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


ii 


1941— 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


.( 


1942— 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 




1943— 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,1 


End of 


















1943— Feb. 


92.0 


258.5 


350.4 


21.5 


15.3 


599.7 


17.9 


1,1 


Mar. 


108.7 


261.0 


369.7 


21.2 


24.7 


610.4 


19.4 


1,15 


Apr. 


108.6 


284.5 


393.1 


56.5 


35.5 


635.5 


42.6 


i,;: 


May 


122.0 


313.1 


435.1 


46.8 


34.2 


624.8 


24.4 


1,1 


June 


113.4 


301.1 


414.5 


90.1 


19.2 


645.0 


28.9 


1,1 


1944— Feb. 


114.4 


362.7 


477.1 


40.1 


31.5 


761.0 


19.8 


1,1 


Mar. 


100.3 


359.2 


459.5 


65.8 


22.8 


797.6 


44.5 


1,1 


Apr. 


116.0 


385.2 


501.2 


24.6 


17.4 


799.3 


28.8 


l/l 


May 


138.7 


377.7 


516.4 


101.8 


26.6 


772.8 


34.1 


1,« 


June 


103.4 


414.7 


518.1 


8.2 


22.0 


817.1 


54.3 


1, 


s 



■fc "Month-end Figures" rather than "Average of Wednesday Figures" which usually appear under this heading. (1) Includes "Other Securities". 
Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were 



CHARTERED BANK CANADIAN DEPOSITS 8. ACTIVE NOTE CIRCULATION : 1940-44 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



6000 



5000 



4000 



3000 




6000 



5000 



4000 



3000 



DMJ SDMJ SDMJ SDMJ SDMJ SD 

1040 1041 1942 1043 1044 

* Chartered Bank note circulation and Bank of Canada notes in public circulation. 



UNE - JULY 1944 



48 



IANADA* 



Millions of Dollars 











ASSETS 
















Reserve 






Securities 


Advances 


All 

Other 

Accounts 




1 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 


Dom.-Prov. 
Over 


Total"' 




1 








2 yrs. 


2 yrs. 










- 




















Average of 
Month-end Figures 


2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


* 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 





2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


12 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 






* 


* 


* 


* 


* 


* 








3 


— 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




— 


18.8 


18.8 




791.2 


339.5 


1,130.6 


— 


25.2 


1943 

End of 




- 


.3 


.3 




722.2 


263.8 


985.9 


- 


18.5 


Feb.— 1943 




- 


.3 


.3 




752.5 


276.4 


1,028.9 


- 


16.2 


Mar. 




- 


.6 


.6 




850.4 


278.0 


1,128.4 


- 


34.2 


Apr. 




- 


11.8 


11.8 




826.1 


302.5 


1,128.6 


- 


24.9 


May 




- 


47.2 


47.2 




816.7 


313.0 


1,129.6 


- 


20.8 


June 




_ 


.2 


.2 




789.2 


508.9 


1,298.1 


_ 


31.3 


Feb.— 1944 




- 


.3 


.3 




788.9 


557.0 


1,345.9 


- 


44.0 


Mar. 




- 


.2 


.2 




777.1 


567.7 


1,344.7 


- 


26.4 


Apr. 




- 


.3 


.3 




879.0 


548.7 


1,427.7 


2.6 


21.2 


May 




— 


.2 


.2 




803.5 


576.1 


1,379.6 


.5 


39.4 


June 



40 and subsequent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
I ixchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS : 1940 -44 

MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 

5000 




j 

1940 

* See note (3) on page 49. 



4y 



JUNE - JULY 19B 



Millions of Dollars 






















an 




LIABILITIES 








Deposits 




Securities | 




Notes 


Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total (2 ) 
Deposits 


in (3) 
Canada 


DOM.-PROV. 


M 




Under2yrs. 


Over 2 yrs. 




Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


2 


1938 


100 


690 


1 ,630 


94 


2,449 


408 


2,892 


252 


447 


696 




1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 




1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 




1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 




1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 




End of 

1943— Feb. 


58 


1,512 


1,795 


226 


3,466 


550 


4,161 


350 


1,301 


779 




Mar. 


55 


1,659 


1,890 


268 


3,750 


550 


4,443 


370 


1,657 


715 




Apr. 


53 


1,800 


1,926 


257 


3,923 


563 


4,628 


393 


1,786 


719 




May 


51 


1,452 


1,732 


968 


4,090 


568 


4,799 


435 


1,581 


S30 




June 


50 


1,539 


1,782 


780 


4,064 


583 


4,764 


415 


1,566 


805 




1944— Feb. 


41 


1 ,754 


2,124 


339 


4,180 


654 


4,974 


477 


1,681 


978 


3 


Mar. 


40 


1,892 


2,225 


251 


4,340 


666 


5,140 


459 


1,796 


1,010 




Apr. 


39 


1,987 


2,254 


265 


4,483 


691 


5,297 


501 


1,996 


1,033 




May 


37 


1,711 


2,094 


1,044 


4,806 


745 


5,691 


516 


1,856 


1,155 


'>] 


June 


37 


1,841 


2,195 


SOO 


4,824 


791 


5,753 


518 


1,810 


1,172 


■ 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes andlei 



CHARTERED BANKS : CANADIAN DEPOSITS : 1940-44 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

2500 



2000 




1000 



M J 

1940 



* Chiefly Dominion and Provincial Government and Foreign Banks. 



JUNE- JUL\ 


' 1944 


















i BANKS 




















,!fl 






















Millions of Dollars 








ASSETS 










DAILY AVERAGE DATA 










Loans 






Total 
Assets 


Cash 
in (3) 
Canada 


Canadian 
Deposits 

(4) 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 

Note (5 ) 
Circulation 




rai 


CANADA 


ABROAD 






Call 


Current 
Public 


Current 
Other 


Call 


Current 




53 


140 


934 


87 


250 


261 


2,864 


192 


1,958 


9.8 


195 


Average of 
Daily Figures 

1926 


)9 


267 


1,343 


112 


301 


248 


3,528 




191 


2,293 


8.3 


205 


1929 


)6 


117 


1,032 


165 


84 


172 


2,869 




172 


1,955 


8.8 


158 


1932 


.10 


67 


786 


129 


51 


158 


3,349 




254 


2,412 


10.5 


205 


1938 


,10 


55 


855 


133 


48 


145 


3,592 




269 


2,582 


10.4 


216 


1939 


,'9 


44 


969 


122 


44 


138 


3,707 




289 


2,722 


10.6 


287 


1940 


!7 


34 


1,091 


95 


44 


133 


4,008 




313 


2,975 


10.5 


386 


1941 


.'3 


29 


1,075 


80 


56 


127 


4,400 




342 


3,263 


10.5 


523 


1942 


|4 


35 


1 ,053 


62 


81 


102 


5,149 




423 


3,895 


10.9 


688 


1943 


,10 


29 


979 


65 


86 


105 


4,638 




373 


3,441 


10.8 


624 


Feb .-1943 


,19 


24 


936 


67 


81 


112 


4,914 




378 


3,605 


10.5 


646 


Mar. 


,8 


25 


905 


66 


91 


114 


5,091 




384 


3,781 


10.2 


666 


Apr. 


,|!8 


33 


1,154 


70 


89 


109 


5,269 




446 


3,976 


11.2 


665 


May 


17 


42- 


1,148 


67 


67 


103 


5,234 




435 


3,981 


10.9 


670 


June 


)4 


52 


955 


48 


107 


102 


5,426 




482 


4,124 


11.7 


779 


Feb .-1944 


,'6 


41 


931 


51 


94 


112 


5,589 




491 


4,163 


11.8 ' 


801 


Mar. 


»o 


42 


867 


53 


80 


117 


5,742 




510 


4,352 


11.7 


818 


Apr. 


4 


81 


1,117 


58 


109 


118 


6,143 




531 


4,635 


11.5 


805 


May 


|I8 


71 


1,061 


43 


100 


110 


6,210 




547 


4,657 


11.8 


810 


June 



50 



i: es given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
jtered Bank note circulation and Bank of Canada notes in public circulation. 



MRTERED BANKS : CANADIAN DEPOSITS. LOANS &. DOM.-PROV. SECURITIES : 1940 -44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




5000 



4000 



3000 



2000 



1000 



51 



III— BANK OF CANADA AND CHARTERED BANKS 

Bank of Canada 



JUNE- JULY 19 

CONSOLIDATED ITEMS 





Twelve Months Ending March 31: — 


Millions of Dollars 


1939 


1940 


1941 


1942 1943 


1944 


1. INCREASE (+) OR DECREASE (-) IN VOLUME OF CANADIAN MONEY 


Bank of Canada Notes Held by the Public . . . 
Chartered Bank Notes Held by the Public . . . 
Public Notice Deposits with Chartered Banks. 
Public Demand Deposits with Chartered Banks 
"Other" Deposits with Bank of Canada' 1 *. . . . 

Sub-Total 


+ 11 

- 2 

+ 77 
+ 57 
+ 4 

+147 

- 5 

+ 25 

+ 167 


+ 51 

- 5 

- 39 

+ 44 
+ 4 

+ 54 

+ 28 
+ 191 

+272 


+ 121 

- 8 
+ 42 
+301 
_ 2 

+454 

- 31 
-119 

+304 


+ 125 

- 9 
-153 
+ 93 

- 2 

+ 54 

+ 102 
+404 

+560 


+ 201 

- 17 
+ 340 
+ 515 

+ 19 

+1,057 

- 98 

- 407 

+ 552 


+ 187 
- 15 
+336 
+233 
_ 2 

+739 

+ 45 
+ 22 

+806 


Dom. Govt. Deposits with Bank of Canada. . 
Other Can. Deposits with Chartered Banks <2) . . 

Total 





2. INCREASE ( + ) OR DECREASE (-) IN CERTAIN BANK ASSETS 



Gold Reserve of Bank of Canada 


+ 22 
+ 11 
_ 2 
+ 55 
- 8 
+ 65 

+ 143 


+ 23 
+ 27 
+ 38 

+ 111 
- 16 
+ 169 

+353 


-226 
+ 9 
+328 
+217 

- 26 

- 17 


+207 
+ 70 
+ 117" 1 
- 25 

+ 184"' 

+553 


- 276 
+ 433 
+ 728 (5) 

- 10 

- 307"' 

+ 568 


+317 
+435 (S) 

- 10 

- 3 <5) 

+738 


Exchange Reserve of Bank of Canada <3) 

Dom.-Prov. Securities Held by Bank of Canada 
Dom.-Prov. Securities Held by Chart'd Banks 
Other Securities Held by Chartered Banks <4> . . 
Canadian Loans of Chartered Banks 




Total 


+285 



Actual 
Volume of 
Money and 

Bank 
Assets at 
Mar. 31/44 



798 

39 
2,225 
1,892 

23 

4,977 

66 
223 

5,266 




(1) Excluding deposits of Chartered Banks. (2) Variations in this item are accounted for mainly by Dom. Govt. Deposits. (3) In May, 1940 the Bank 
of Canada sold gold and exchange amounting to $253.5 millions to the Foreign Exchange Control Board and acquired additional government securn ie>. 
(4) Excluding foreign government securities (5) Including loans and security holdings connected with instalment purchases of Victory Bonds, changes in 
which amounted to +210, — 173 and +31 in the periods ending in 1942, 1943 and 1944 respectively. 









IV— SECURITY PRICES 
















Bank of Canada 












Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rat 


e Nearest 15th of Month 




Canada' 1 ' 


U. K.<» 


U.S.A."' 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

193S 















.590 


.611 


.053 


1939 


- 


- 


93. S3 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


lOO.vs 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.317 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


Monthly 

1943 July 


100.42 


3.02 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 


Aug. 


100.50 


3.02 


100.51 


2.94 


104.26 


2.11 


.496 


1.049 


.374 


Sept. 


100.50 


3.02 


100. 68 


2.93 


103.96 


2.14 


.462 


1.046 


.376 


Oct. 


100.50 


3.02 


100.76 


2.92 


103.88 


2.14 


.433 


.999 


.375 


Nov. 


100.50 


3.02 


100. M 


2.91 


103.57 


2.17 


.411 


1.001 


.375 


Dec. 


100.58 


3.01 


101. OS 


2.88 


103.31 


2.19 


.416 


1.017 


.375 


1944— Jan. 


100.S7 


2.98 


101.00 


2.89 


103.29 


2.19 


.407 


1.010 


. 174 


Feb. 


101.20 


2.95 


101.04 


2.88 


103.44 


2.18 


.390 


1.003 


.374 


Mar. 


101.42 


2.92 


100.82 


2.91 


L03.62 


2.16 


.387 


.999 


.375 


Apr. 


101.45 


2.92 


100.73 


2.92 


103.67 


2.15 


.389 


1.011 


.375 


May 


101.38 


2.93 


100.69 


2.92 


103.66 


2.15 


.389 


1.000 


.375 


June 


101.46 


2.91 


100.84 


2.90 


103.60 


2.15 




1 .002 




Julv 


101.50 


2.91 


101.03 


2.88 


103.51 


2.16 

1 


.380 


1 .002 





vl) Dominion of Canada 3% due Nov. 1. 1953-56 at 101. 
(3) II. S. Treasury 214% due Mar. 15, 1956-58. 



(2) United Kingdom 3% due July 15. 1954-58; price excluding accrued interest. 



"JUNE - JULY 1944 



52 



IV— SECURITY PRICES 

Bank of Canada 





Dominion 


of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


Monthly 














1943— July 


94.75 


3.17 


3.00 


2.79 


2.23 


1.50 


Aug. 


94.84 


3.16 


3.00 


2.77 


2.23 


1.51 


Sept. 


95.00 


3.16 


3.00 


2.77 


2.23 


1.52 


Oct. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.53 


Nov. 


95.00 


3.16 


3.00 


' 2.77 


2.24 


1.54 


Dec. 


94.66 


3.17 


3.00 


2.76 


2.24 


1.55 


1944^-Jan. 


94.72 


3.17 


3.00 


2.74 


2.21 


1.52 


Feb. 


95.78 


3.13 


3.00 


2.71 


2.17 


1.48 


Mar. 


96.95 


3.09 


3.00 


2.69 


2.15 


1.46 


Apr. 


97.00 


3.09 


3.00 


2.68 


2.15 


1.45 


May 


97.00 


3.09 


3.00 


2.69 


2.15 


1.45 


June 


97.00 


3.09 


2.99 


2.68 


2.14 


1.45 


July 


97.00 3.09 


2.99 


2.67 


2.14 


1.45 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and lSlh of each month 



1938-44 




MJSDMJSDMJSDMJSDMJSDMJSDMJSD 

I938 I939 I940 I94I I942 I943 I944 

1. Prior to 1940 figures are for 1st of month only. 2. Prior to 1940 figures are average of month. 



.8% 



1.4% 



2.0% 



2.6% 



32% 



3.8% 



53 



JUNE - JULY 19l 



Millions of Dollars 



PUBLIC FINANCE : FEDERAL GOVERNMENT 

CASH REQUIREMENTS 

Dept. of Finance and Bank of Canada 



15* 



Fiscal Years Ending March 31:- 



Direct War Expenditure 

Dept. of National Defence — Army 

" — Navy 

" —Air 

Expansion of Industry 

Other Direct War Expenditure 

War Advances 

Railways and Merchant Marine 

War Supplies Limited 

Other Government Corporations 

Allied Governments — Air Training 

—Other 

Financing of Allied War Expenditure in Canada 

Redemption in Advance of Maturity of: 

Dominion Bonds Payable in Sterling 

C.N.R. Bonds Payable in Sterling 

Repatriation via Bond Holding Account 

Special Loan to U. K. Government 

Gift to U. K. Government 

Expenditure under United Nations Mutual Aid Act 

Loans to Foreign Exchange Control Board 

FECB Exch. Holdings Temporarily Financed by Bk. of Can. 

Total— War Requirements 

Other Expenditure 

Gross Interest on Public Debt. 

Cost of Loan Flotations & Amortization of Discount . . . . 

Statutory Subsidies to Provinces 

Special Grants to Provinces 

Compensation to Provinces for Tax Transfer 

Old Age Pensions Subventions to Provinces 

Unemployment Insurance — Administration 

— Govt. Contribution 

Soldiers' Pensions and After-care 

Post Office Dept 

Other Ordinary Expenditure (ex. Dept. of Nat. Defence). . 

Unemployment and Agricultural Relief 

Provision for Reserve against Deficits of Can. Wheat Bel.' ' 

Other Special Agricultural Expenditure 

C.N.R. Deficit 

Other Government-Owned Enterprises 

Capital Expenditure (Net) 

Total— Other Expenditure 

Loans and Investments 

Loans to C.N.R. to Meet Maturing Bonds' 6 ' 

" " " for Other Purposes (ex. Repatriation) . . 

Loans to Provinces re Relief 

Loans under Dominion & National Housing Acts 

Other Loans (Net) 

Bond Holding Account (ex. Repatriation) 

Unamortized Debt Discount & Commission 

Other Current Assets (ex. Cash) 

Total Loans and Investments 

Total Cash Requirements 



1939 



15.8 

6.6 

11.2 



34.4 

128.0 

4.9 

13.8 

7.5 

29.0 



55.6 

35.5 

104.4 

46.9 
25.0 

54.3 
4.6 
5.4 



514.9 



2.1 
5.9 
15.0 
2.7 
2.6 



.6 

1.0 



23.7 

573.0 



1940 



73.3 
13.2 
37.7 

7.3 



9.1 

1.3 

72.6 
6.3 



220.8 

129.3 
5.0 

13.8 
5.5 

30.0 



57.0 

36.7 

107.9 

57.2 

27.0 
7.5 

40.1 
2.0 
7.0 

526.0 



13.7 

7.3 
12.6 

I.I 
4.8 

.3 

.4 

42.7 

789.5 



1941 



380.3 
88.2 

176.3 
77.9 
29.5 

16.5 

9.9 

34.0 

6.4 



75.9 
93.6 
11.5 



325.0 
69.0 

1,394.0 



139.2 

6.3 

13.8 

5.5 

29.9 



54.9 

38.7 

103.2 

34.8 

10.5 

4.7 

17.0 

1.2 

3.3 

463.0 



1.9 
9.6 
1.5 

3.8 

1.5 

11.9 
2.5 

1.3 

3L0 

1,888.0 



1942 



511.2 
129.4 
370.6 

247.8 
72.9 



15.7 
36.5 
24.7 
72.2 

7.4 



ft) 

149.8 

203.3 

11.7 



400.0 
206.9 

2,387.1 



155.0 
16.4 
14.4 

21.1 

29.6 

2.3 

7.3 

53.2 

41.5 

105.0 

8.5 
12.6 
42.9 

1,2 
2.4 

513.4 



28.7 

2.0 

.2 

2.6 

5.6 

.1 

11.0 

.5 

38.1 
2,938.6 



1943 



1,038.2 
210.2 
617.2 
669.7 
189.3 



2.9 

119.6 

48.8 

56.4 

21.9 



2.7 
61.1 

8.6 

700.0 

1,000.0 

325.0 
275.9 

4,101.9 



188.6 
13.8 
14.5 

94.2 

30.0 

4.7 

11.5 

52.4 

44.7 

106.4 

5.0 

6.7 

26.3 

1.3 
3.2 

589.9 



88.8 

19.6 

.5 

.2 

8.0 

16.2 

19.4 

.3 

64.4 
4,756.2 



1944 



(Preliminary) 

1,335.5 
369.8 
922.6 
715.0 
369.1 



18.3 

11.9 

4.7 

205.4 

42.7 



.4 
2.2 

42.4 

912.6 
185.0 



5,029.0 



242.7 
19.3 
14.4 

95.4 

(0 

30.4 
5.2 

12.3 
53.1 

4S.5 
10S.8 

3.7 

3.0 

33.7 

1.3 
2.6 

668.4 



IN. 6 

43.0 

.3 

.5 

7.7 

L50.4 

6.5 
4.7 

\2%J 
5,826.1 



1945 



(Budget 
Estimates, 



1,535.0 
410.0 

1,090.0 
174.0 
410.5 



25.0 



0..i 



800.0 



4,450.0 



288.9 

18.0 

14.4 

S4.4 

31.6 

5.4 

15.0 

52.6 

52.0 

124.6 

4.1 

4.5 

1.5 
5.4 



702.4 



6,000.0 



li 



"jUNE - JULY 1944 



54 



Millions of Dollars 



PUBLIC FINANCE : FEDERAL GOVERNMENT 

SOURCES OF FINANCING 

Dept. of Finance and Bank of Canada 



Fiscal Years Ending March 31: 



Revenue 

Income Tax on Individuals 

National Defence Tax 

Income Tax on Corporations 

Excess Profits Tax 

I Succession Duties 

Withholding Tax on Dividends, Interest, etc 

. Excise on Liquor 

Excise on Tobacco 

Sundry Excise & Other Taxes 

Customs Import Duties 

Special Excise Tax on Imports 

War Exchange Tax 

Sales Tax 

Post Office Department 

Return on Investments' 2 ' 

Other Ordinary Revenue 

Special Revenue 

Total Revenue 

Of Which: Refundable Personal Income Tax. . 
Excess Profits Tax . . . . 

BORROWING 

War Savings Certificates and Stamps (Net)' 8 ' 

Other Funded Debt Payable in Canada Only (Net) 

Deposit Certificates (Net) 

Treasury Bills (Net) 

Funded Debt Payable in London (Net) (ex Repatriation) . 

Funded Debt Payable in New York (Net) 

Exchange Temporarily Placed with Bk. of Can. by FECB 

Government Annuities 

Insurance and Superannuation Funds' 1 ' 

Interest Due & Outstanding and Outstanding Cheques. . . 

Reserve re Canadian Wheat Board'* 1 ' 

Other Liabilities 

Total Borrowing 

Total Revenue + Borrowing 

Increase or Decrease in Cash Balances 

Total Cash Requirements (as per opposite page). 



1939 



46.9 

85.2 

9.9 

1S.4 
34.5 
24.9 

78.8 
15.6 

122.1 

35.3 

14.4 
12.0 

1.2 

499.2 



48.9 
5.0 

7.9 
19.9 



15.4 
4.5 
2.9 

25.0 
9.8 



98.1 



597.3 



24.3 



573.0 



1940 



45.4 
77.9 

11.1 

21.0 
42.1 
27.1 

104.3 
2.0 

137.4 

36.7 

14.6 

15.2 

.2 

535.0 



394.3 



2.2 
.2 



17.4 
4.6 
9.4 

25.0 

2.1 

400.4 



935.4 

145.9 
789.5 



1941 



75.9 

27.7 

131.6 

24.0 

13.0 

33.8 

58.4 
40.4 

130.8 

1.0 

61.9 

179.7 

40.4 

17.6 

17.5 

3.0 

856.7 



58.0 
690.9 

75.0 



.4 
69.0 

15.6 
5.2 
8.5 

10.5 
9.1 

941.4 




1,888.0 



1942 



189.5 
106.6 
185.8 
135.2 
7.0 
28.3 

47.5 

68.3 

112.4 

142.4 

.9 

100.9 

236.2 

46.0 
25.8 
19.2 

16.9 

1,468.9 



84.8 
1,540.0 

40.0 



10.0 
206.9 

16.9 
11.2 

27.1 

7.9 

22.2 

1,947.0 

3,415.9 

477.3 
2,938.6 



1943 



453.9"' 

80.2 

348.0 

454.6'° 

13.3 

28.1 

66.1 
106.0 
139.6 

119.0 

.5 

94.6 

232.9 

48.9 
41.2 
25.7 
19.2 

2,271.8 

(50.0) 
(20.0) 



59.0 

1,139.9 

820.0 

30.0 



4.1 
275.9 

17.4 
7.0 

43.5 
6.7 

41.2 

1,871.3 
4,143.1 




1944 



813.0'" 

.4 

311.4 

468.7'° 

15.0 

26.9 

65.9 

138.7 
159.4 

167.9 

.5 

118.9 

304.9 

61.1 
52.2 
26.6 
82.6 

2,814.1 

(115.0) 
( 40.0) 



4S.4 

2,833.1 

30.0 

60.0 



115.3 



23.3 
7.3 

17.9 
3.0 

63.3 

2,869.2 



5,683.3 



142.8 



5,826.1 



1945* 



(Budget 
Estimates) 



760.0'° 

300.0 

425.0"' 

17.0 

27.0 



383.0 



160.0 

120.0 

290.0 



> 145.0 
75.0 

2,702.0 

(45.0) 
(40.0) 



6,000.0* 



While the 1944/5 expenditure appropriations shown in the table total 
$5,152 million, the Minister of Finance said in his Budget Speech that, 
due mainly to upward revision of war programmes, total cash require- 
ments would be at least $6,000 million. 

(a) Does not include any allowance for interest on the 6th Victory Loan or 
other securities issued after the beginning of the fiscal year. 

(b) Does not include any allowance for payments to provinces under the 
federal government's guarantee of their gasoline tax and liquor revenues. 

lc) Excludes 3.1 and 6.9 of supplementary pensions in 1943/4 and 1944/5 
respectively, chargeable to the War Appropriation and included in "Other 
Direct War Expenditure" above. 

!d) Actual payments to the Canadian Wheat Board out of the "Reserve 
against Deficits" were 52.0 in 1939/40 and 4.6 in 1941/2. During the 
fiscal years under review the bank loans of the Canadian Wheat Board 
increased or decreased as follows: — 60.7, 18.2. 58.1, 15.6, 41.8, 38.0. 



(e) Excludes equipment trust certificates, whose retirement is provided for 
out of operating expenses. 

(f) The estimated portion of income and excess profits tax refundable after 
the war is shown in brackets just below "Total Revenue". 

(g) Includes Non-Interest-Bearing Certificates. 

(i) Includes the cash holdings but not the investments of the Unemployment 
Insurance Fund. 

(k) Includes premium of vested price over face value amounting to 8.1 in 
1941/2 and .1 in 1942/3, which amounts are included in Direct War 
Expenditure in the Public Accounts. 

(x) In addition to the $800 million appropriated for Mutual Aid in 1944/5, 
an unexpended balance of $87. 4 million is carried over from the 1943/4 
appropriation of $1000 million. 

(z) Against "gross interest on public debt" may be set the "return on invest- 
ments" shown on the opposite page. 



bb 



JUNE - JULY 194T 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 




Department 


Employ- 


Aggregate 












idential 
Con- 


Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 










Central 


Index 








News- 


struction 


Loadings 




U) 


0) 




Gold 


Steel 


print 

<i) 


Electric 
Stations* 2 ' 


Contracts 
Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Millions 


Millions 




June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




1935-39=100 


1941 = 100 


1941 = 100 


Annual Totals'*) 














1926 


1,754 


869 


1,889 


9,354 


110 


3,253 


- 


65.1 


- 


1929 


1,928 


1 ,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


- 


1937 


4,096 


1,571 


3,648 


17,934 


56 


2,635 


103.8 


74.6 


- 


1938 


4,725 


1,294 


2,625 


18,056 


55 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


3,121 


3,177 


32,506 


79 


3,387 


149.5 


113.6 


128.3 


1943 


3,652 


2,997 


2,983 


35,719 


79 


3,454 


151.0 


120.4 


144.9 


12-Mths. Ending 




















June 1944 


3,289* 


3,010 


3,020 


36,480 


114 


3,612 


156.7 


120.6 


148.0 


Monthly 




















1943— Mar. 


347.7 


271.0 


246.9 


2,978 


4.7 


286.3 


164.3 


118.6 


143.0 


Apr. 


323.1 


264.4 


229.6 


2,869 


8.8 


280.2 


153.5 


118.1 


144.1 


May 


313.6 


271.7 


254.0 


3,012 


10.4 


283.8 


138.7 


116.5 


139.6 


June 


326.9 


239.5 


257.8 


2,900 


10.4 


297.9 


130.9 


118.5 


143.4 


1944— Mar. 


266.6 


275.5 


252.1 


3,149 


8.8 


312.2 


174.0 


118.8 


149.1 


Apr. 


244.8 


260.8 


236.4 


2,896 


13.9 


284.2 


174.0 


118.1 


14S.6 


May 


256.8 


263.4 


262.5 


3,023 


16.7 


318.0 


160.0 


116.5 


146.2 


June 




240.8 


246.9 


2,833 


21.7 


315.2 


142.6 


118.1 


146.0 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 
of Department Store Sales. Employment and Payrolls Indexes. * 12-Months ending May 1944. 



(3) First of Month. (4) Average of months in case 



PRODUCTION OF STEEL INGOTS AND CASTINGS : 1926-44 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TOMS 



3500 



3000 



2500 



2000 



3500 



3000 



2500 



2000 




1500 



1000 



1926 '27 "28 '29 '30 '31 '32 '33 '34 '35 '36 '37 "36 '39 '40 '41 '42 '43 '44 '41 



JUNE- JULY 1944 



56 



CANADA 

Dominion Bureau of Statistics 



VII— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Traded 



U.S.A. 

Bureau oj Labor Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


Monthly 












1943-Junc 


94.4 


98.7 


103.1 


92.7 


99.6 


July 


96.4 


100.0 


103.6 


92.8 


100.1 


Aug. 


97.4 


100.4 


103.5 


92.9 


100.4 


Sept. 


97.9 


101.2 


102.5 


93.6 


101.1 


Oct. 


103.6 


103.2 


103.1 


93.7 


101.9 


Nov. 


104.2 


104.0 


103.3 


93.8 


102.4 


Dec. 


104.6 


104.3 


103.2 


93.8 


102.5 


1944-Jan. 


104.0 


104.1 


102.5 


93.8 


102.5 


Feb. 


104.3 


104.6 


102.3 


93.7 


102.7 


Mar. 


104.5 


104.8 


102.6 


93.8 


103.0 


Apr. 


104.0 


104.7 


102.4 


93.8 


102.9 


May 


101.8 


104.0 


101.3 


93.6 


102.5 


June 


102.0 


104.0 


101.2 


93.5 


102.5 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


131.9 


131.6 


134.2 


132.3 


129.4 


130.9 


129.9 


131.5 


128.7 


131.1 


128.6 


131.3 


129.5 


131.9 


129.8 


132.3 


129.8 


132.8 


129.6 


133.1 


129.3 


133.6 


129.3 


134.0 


128.9 


134.0 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


126.2 


114.3 


109.6 


100.1 


103.8 


125.0 


113.6 


107.2 


99.6 


103.2 


123.5 


112.7 


105.8 


99.7 


103.1 


123.1 


112.4 


105.0 


99.9 


103.1 


122.2 


111.9 


105.1 


100.0 


103.0 


121.4 


111.3 


105.8 


100.2 


102.9 


121.8 


112.1 


105.6 


100.2 


103.2 


121.8 


112.2 


104.9 


100.2 


103.3 


122.5 


112.8 


104.5 


100.4 


103.6 


123.6 


113.4 


104.6 


100.5 


103.8 


123.2 


113.2 


104.9 


100.8 


103.9 


122.9 


113.0 


105.0 


100.9 


104.0 


125.0 


114.2 


106.5 


100.9 


104.3 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930 = 
Prices of Finished Products. 



100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 



Index 1935-39 = 100 



VIII COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1936 


97.8 


101.5 


99.3 


96.1 


97.2 


99.1 


98.1 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1938 


103.8 


97.7 


100.9 


103.1 


102.4 


101.2 


102.2 


1939 


100.6 


101.2 


100.7 


103.8 


101.4 


101.4 


101.5 


1940 


105.6 


107.1 


109.2 


106.3 


107.2 


102.3 


105.6 


1941 


116.1 


110.3 


116.1 


109.4 


113.8 


105.1 


111.7 


1942 


127.2 


112.8 


120.0 


111.3 


117.9 


107.1 


117.0 


•1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 


Monthly 
















1943— Jan. 


127.3 


112.8 


120.2 


111.3 


117.8 


107.5 


117.1 


Feb. 


126.7 


112.7 


120.1 


111.3 


117.8 


107.5 


116.9 


Mar. 


127.7 


112.7 


120.1 


111.3 


117.8 


107.5 


117.2 


Apr. 


128.7 


112.7 


120.2 


111.3 


117.8 


107.7 


117.6 


May 


129.9 


112.7 


120.2 


111.5 


117.8 


108.0 


118.1 


June 


130.7 


113.0 


120.4 


111.5 


117.8 


108.2 


118.5 


1944— Jan. 


131.5 


112.7 


121.1 


111.9 


118.4 


108.9 


119.0 


Feb. 


130.9 


113.0 


121.3 


111.9 


118.4 


109.1 


118.9 


Mar. 


131.1 


113.0 


121.3 


111.9 


118.4 


109.0 


119.0 


Apr. 


131.5 


113.0 


121.4 


111.9 


118.4 


109.0 


119.1 


May 


131.7 


112.5 


121.5 


111.9 


118.5 


109.0 


119.2 


June 


131.1 


112.5 


121.5 


111.9 


118.4 


109.0 


119.0 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500, with incomes between $1,200 -$1,600 most common. 



57 



Millions of Dollars 



JUNE - JULY 194 

IX— FINANCIAL STATISTICS OF 625 
Total of 625 Companies 



Fiscal Year Nearest to Calendar Year 






1936 



1937 



1938 



1939 



1940 



1941 



194 



SOURCE AND USE OF FUNDS 



Source of Funds 

Net Income to Stockholders (inch Refundable EPT) 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Special Wartime Inventory Reserves 

Other Non-cash Charges Against Current Income'" 

Total Funds From Current Income 

Increase in Bank Loans 

Increase in Accounts Payable 

Increase in Accrued Taxes Payable 

Issue of Common Stock . 



Total Net Source of Funds 



Use of Funds 

Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Marketable Securities 

Refundable Portion of Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Accounts Receivable 

Increase in Holdings of Cash 

Increase in Misc. Assets (less Misc. Liabilities). 

Total Net Use of Funds. 



231.4 
183.7 

47.7 
99.5 

9.5 

156.7 

7.6 

21.4 

12.8 

6.7 

190.0 



85.7 

38. 3 
6.8 
3.6 

5.3 
2.9 

29.2 

26.3 

9.7 



190.0 



296.5 
220.5 

76.0 
106.3 

12.3 

194.6 

3.8 

16.7 

15.4 

35.6 

266.1 



130.0 
63.3 

12.0 
15.1 

22.2 
14.3 
15.6 
12.4 
11.4 

266.1 



241.5 
234.0 

7.5 
103.5 

12.1 

123.1 

17.7 

22.4 

8.3 

17.9 

92.6 



104.7 

12.7 

4.3 

11.2 

6.4 

1.5 

19.4 

14.5 

13.1 

92.6 



285.5 

222.2 

63.3 

111.3 

2.5 

11.2 

188.3 

14.0 

27.2 

17.6 

6.7 

253.8 



50.9 
16.2 

9.6 

8.7 

1.7 

56.1 

25.7 

25.4 



253.8 



284.2 
219.5 

64.7 

135.2 

5.9 

12.1 

217.9 

9.0 

60.0 

92.0 

8.7 

387.6 



121.3 

123.4 

3.2 

19.1 

42.7 
2.6 
65.4 
31.1 
14.8 

387.6 



306.6 
217.9 

88.7 

158.8 

10.5 

11.9 

269.9 
52.0 
71.3 

100.4 
4.9 

498.5 



160.2 

150.9 

1.2 

35.0 

33.2 

2.9 

77.3 

54.7 
14.5 

498.5 



YEAR-END BALANCE SHEET 



ASSETS 



Cash 

Marketable Securities. 

Inventories' 

Accounts Receivable. . 



Total Current Assets. 



Plant, Property and Equipment (Net) ' 

Investment in Subsidiary Companies (Net)' 4 '. 

Investment in Other Companies 

Goodwill, Franchises, etc 

Refundable Portion of Excess Profits Tax. . . . 
Other Assets . . (5 ' 



Total Assets 



Liabilities 

Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Interest and Dividend Accruals. . 



Total Current Liabilities. . 

Funded Debt' 6 ' 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves'". 
Other Liabilities' 8 ' 



Total Liabilities 



209.6 
209.3 
496.8 
232.8 

1,148.5 

2,566.6 
248.5 

62.5 
149.8 

102.2 
4,278.1 



144.7 
86.7 
57.3 
31.4 

320.1 
1,039.9 

570.1 
1,493.0 

756.3 
89.7 

4,278.1 



222.0 
194.5 
559.7 
248.5 

1,224.7 

2,57s.:: 

257.1 

65.3 

145. 

98.2 
4,368.6 




356.4 

1,018.3 

563.6 

1,522.0 

814.3 
94.0 

4,368.6 



236.5 
183.0 
546.6 
229.0 

1,195.1 

2.567.1 

256.5 

55.7 

12(1.9 

93.9 
4,295.2 



139.0 
72. S 
65.2 
31.0 

3OS.0 
1,011.4 

5. -)()..-> 
1,524.4 

805.0 
89.9 

4,295.2 



262.2 
174.0 
595.7 

IN.",. 2 

1,317.1 

2,538.6 

270.3 

58.2 

123.1 

111.1 
4,418.4 



166.3 
86.7 

83.6 
34.9 

371.5 
1,022.5 

551.3 
1,528.9 

851.8 
92.4 



293.3 
193.3 
713.7 
350.4 

1,550.7 

2,515.5 
268.4 

59.0 
119.3 

90.2 
4,603.1 



223.9 
95.7 

179.5 
33.4 

532.;! 

980.9 

540.4 

1,537.3 

9] 1.3 
07.7 



4,418.4 4,603.1 



347.9 
228.2 
853.9 
427.6 

1,857.6 

2.503.9 
263.5 

61.8 

117.2 

90.0 
4,894.0 



294.9 

147.7 

280.9 

34.3 

757.8 
946.7 

535.3 
1,518.8 
1.026.5 

108.9 

4,894.0 



rhese statistics are i"i the same companies as were covered in the t.il>!<> 
cm pages '° and 40 oi the April-May Statistical Summary, with the 
omission of two companies in Group 1. The present statistics are, ol course 
Subject to all the Mm it at inns and qualifications which apply to the account- 
ing statements on which they are based. In particular, the "Source and 
I Be "I Funds" statement, which is designed to show net cash received 



iroin all sour< ea and paid out foi all purposes, may neverthi less be art' 
bj purely bookkeeping transactions where these are not shown 
in the company accounts or referred to in the company rep 

in Includes depletion charges, patent write-offs, deferred development ch. 
and amortization of bond discount. 

(2) Special wartime inventory reserves have been deducted. 



li 



'JUNE -JULY 1944 

|js CLASSIFIED BY ASSET SIZE*: 1936-42 

Group 1 : Assets over $25mm. 



58 



42 Companies 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



SOURCE AND USE OF FUNDS 



Source of Funds 

t Income to Stockholders (incl. Refundable EPT) 
sh Dividends 



iidistributed Profits 

'■preciation Charges 

ecial Wartime Inventory Reserves 

[her Non-cash Charges Against Current Income"' 

Total Funds From Current Income . . 

i;rease in Bank Loans 

Irrease in Accounts Payable 

Urease in Accrued Taxes Payable 

ue of Common Stock 



Total Net Source of Funds 



Use of Funds 

/estment in Plant, Property and Equipment. 

/estment in Inventories 

/estment in Other Companies 

/estment in Marketable Securities 

fundable Portion of Excess Profits Tax 

demption of Funded Debt 

demption of Preferred Stock 

:rease in Accounts Receivable 

Tease in Holdings of Cash 

:rease in Misc. Assets (less Misc. Liabilities) . 



Total Net Use of Funds . 



137.7 
113.9 

23.8 
54.1 

5.6 

83.5 
5.9 

10.0 
8.6 
1.9 

98.1 



43. (i 

17. G 

1.1 

.5 

7.4 
2.2 

17.5 

■i:>>:.\ 



98.1 



179.1 

143.1 

36.0 
57.4 

7.7 

101.1 
11.8 

8.7 

9.8 

27.9 

159.3 



69.9 

46.3 
10.7 
12.2 

19.5 

12. (i 

1.1 
13.4 



159.3 



138.3 

13S.1 

.2 
56.1 

7.0 

63.3 

13.6 

9.5 

6.1 

10.0 

44.1 



61.4 

6.5 

.6 

17.0 

5.1 

10.4 

.7 

8.8 



44.1 



151.4 
130.5 

20.9 

58.3 

1.8 

7.0 

88.0 
6.6 

10.3 
5.8 

1.8 

112.5 



54.0 
12.8 
16.7 
12.0 

15.4 
2.2 

27.!) 

7.3 

23.4 



112.5 



156.8 
124.0 

32.8 

71.5 

2.6 

7.7 

114.6 

.1 

31.1 

43.1 

6.6 

195.3 



63.7 

49.0 
2.7 
1.5 

34.4 
.1 
27.0 
34.4 
17.5 

195.3 



164.6 
120.6 

44.0 

79.4 

6.0 

8.5 

137.9 

24.9 

29.4 

49.2 

3.1 

244.5 



si .9 

62.1 

4.5 

16.5 



29.5 
45.9 
12.1 

244.5 



165.3 

117.S 

47.5 
101.0 

2.7 
8.5 

159.7 

.1 

16.8 

8.4 

1.0 

169.2 



75.8 

22.0 

.10.2 

61.8 

7..") 

2.1 

3.3 

45.0 

33.2 

4.9 

169.2 



YEAR-END BALANCE SHEET 



Assets 



Ish 

] irketable Securities. 



'entones 

:ounts Receivable . 



Total Current Assets. 



nt, Property and Equipment (Net) 0> 

'estment in Subsidiary Companies (Net)' 4 '. 

/estment in Other Companies 

odwill, Franchises, etc 

.fundable Portion of Excess Profits Tax 
lier Assets' 5 ' 



Total Assets 



Liabilities 

l:ounts Payable 

Ink Loans 

' :rued Taxes Payable 

1 erest and Dividend Accruals. 



Total Current Liabilities. . 

nded Debt' 6 ' 

ferred Stock Outstanding 

mmon Stock Outstanding 

rned Surplus and Surplus Reserves' 7 ' , 
ler Liabilities' 8 ' 



Total Liabilities. 



111.7 
109.0 
236.4 
110.1 

567.2 

1,615.2 

178.9 

32.1 

68.0 

50.2 
2,511.6 



69.0 
29.4 
33.0 
17.9 



149.3 
744.2 
251.1 
837.6 
469.6 
59.8 

2,511.6 



110.6 
97.0 

282.5 
110.6 

600.7 

1,620.6 

189.8 

35.1 

69.7 

47.6 
2,563.5 



77.6 
41.2 
42.8 
16.0 

177.6 
724.8 
238.5 
863.2 
497.3 
62.1 

2,563.5 



109.9 

80.1 

289.1 

100.1 

579.2 

1,621.0 

193.5 

26.4 

60.1 

43.5 
2,523.7 



68.2 
27.6 
36.7 
16.1 



148.6 
731.0 
238.5 
868.4 
479.7 
57.5 

2,523.7 



117.3 

68.4 

300.7 

128.1 

614.5 

1,603.8 

208.6 

27.2 

60.1 

64.0 
2,578.2 



78.6 
34.2 
43.1 
17.5 



173.4 
748.9 
240.6 
867.9 
4S4.6 
62.8 

2,578.2 



151.6 

70.1 

347.7 

155.1 

724.5 

1,589.3 

207.5 

28.0 

60.2 

47.7 
2,657.2 



107.2 
34.1 
88.7 
17.9 

247.9 
715.4 
240.5 
873.1 
516.8 
63.5 

2,657.2 



197.6 

86.3 

403.9 

184.6 

872.4 

1,580.5 

196.9 

30.9 

60.2 

47.2 
2,788.1 



136.4 
58.9 

136.0 
17.3 

348.6 
690.3 
238.1 
852.5 
588.1 
70.5 

2,788.1 



164.4 
148.3 
423.3 
229.6 

965.6 

1,557.2 

189.6 
33.3 
60.2 

7.4 

44. 8 

2,858.1 



153.3 
59.0 

128.5 
17.1 

357.9 
723.6 
234.8 
853.5 
607.9 
80.4 

2,858.1 



Reserves for depreciation and depletion have been deducted. 
Includes current accounts receivable from subsidiaries and fixed invest- 
ments in subsidiaries less current and non-current accounts payable to 
subsidiaries. 

Includes non-current accounts receivable, bond discount and other de- 
ferred charges, deferred development, etc. 



(6) Bonds and Mortgages outstanding less bonds held in the sinking fund. 

(7) Includes contingent and general reserves.capital surplus and the refundable 
portion of the Excess Profits Tax. 

(8) Includes non-current accounts payable, accounts payable to parent 
companies, deferred credits, pension fund reserves, insurance reserves, etc. 



59 



Millions of Dollars 



JUNE - JULY 194 

IX— FINANCIAL STATISTICS OF 625 Cell 
Group 2: Assets $5 -25mm. : 129 Companies 



Fiscal Year Nearest to Calendar Year 



1936 



1937 



1938 



1939 



1940 



SOURCE AND USE OF FUNDS 



Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Special Wartime Inventory Reserves 

Other Non-cash Charges Against Current Income'" 

Total Funds From Current Income . . 

Increase in Bank Loans 

Increase in Accounts Payable 

Increase in Accrued Taxes Payable 

Issue of Common Stock 



Total Net Source of Funds 



Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Marketable Securities 

Refundable Portion of Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Accounts Receivable 

Increase in Holdings of Cash 

Increase in Misc. Assets (less Misc. Liabilities). 



Total Net Use of Funds. 



64.3 
■50.9 

13.4 
31.0 

2.1 



46.5 

.6 

6.9 

2.5 

5.6 

60.9 



28.6 

14.5 
5.4 
1.5 

.8 
1.5 

S.2 

2.5 

.9 



60.9 



77.6 
55.6 



22.0 
33.1 

2.6 



57.7 

11.7 

5.8 

3.4 

5.7 



60.9 



39.3 
5.3 

.2 
3.7 

1.!) 
1.1 
9.2 
9.8 
1.8 



60.9 



66.6 
64.1 

2.5 
31.5 

3.1 



37.1 

1.4 
6.6 
1.7 

7.7 

35.1 



29.2 

10.6 

5.5 

5.2 

9.4 
.1 
4.5 
8.5 
3.3 



87.3 
60.7 



26.6 

36.2 

.5 

2.1 



65.4 
4.3 
7.9 
8.0 
3.6 

89.2 



35.1 



29.4 

24.3 

1.9 

1.7 

4.6 

.3 

15.1 

14.(1 

1.1 



89.2 



83.3 

61.0 

22.3 

43.5 

1.9 

2.4 

70.1 

5.6 

18.9 

29.8 

1.6 

126.0 



38.8 

52.7 
3.0 
8.5 

7.1 
1.5 
22.6 
3.8 
1.6 



126.0 



1941 



91.6 

65.3 

26.3 
54.6 

2.7 
1.9 

85.5 
22.1 
25.3 
34.3 
1.6 

168.8 



oo . / 

54.7 

2.9 

9.8 

6.5 

1.5 

34.4 

5.7 

2.4 



168.8 



YEAR-END BALANCE SHEET 



Assets 



Cash 

Marketable Securities. 

Inventories 

Accounts Receivable . , 



Total Current Assets. 



Plant, Property and Equipment (Net) 0> 

Investment in Subsidiary Companies (Net) 1 '". 

Investment in Other Companies 

Goodwill, Franchises, etc 

Refundable Portion of Excess Profits Tax. . . . 
Other Assets' 51 



Total Assets 



Liabilities 

Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Interest and Dividend Accruals. 



Total Current Liabilities . . 

Funded Debt' 6 ' 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves'". 
Other Liabilities' 81 



Total Liabilities. 



61.9 

78.3 

166.7 

72.1 

379.0 

685.5 
54.1 
22.1 

43.5 

28.9 
1,213.1 



45.1 

39.8 

16.8 

9.8 



111.5 
240.2 
226.2 
416.7 
203.7 
14.8 

1,213.1 



71.6 

74.7 

171.9 

81.2 

399.4 

688.8 
52.4 
22.2 

41.2 

29.5 
1,233.5 



51.0 
28.2 
20.6 
11.2 



111.0 
238.6 

224.2 

121.9 

222.0 

15.8 

1,233.5 



80.1 

79.7 

161.1 

76.7 

397.6 

681.9 
45.9 

21.4 
34.5 

31.7 
1,213.0 



44.3 
26.7 
19.2 

11.2 



101.4 
22s. li 
222. S 
419.8 
224.4 
16.0 

1,213.0 



94.7 

81.7 

185.0 

91.8 

453.2 

673.0 
45.1 
23.4 
33.9 

26.9 
1,255.5 



52.2 
31.1 
27. ii 
12.9 



123.8 
224.7 
220.4 
425.0 
2 IS. 2 
13.4 

1.255.5 



90.8 

90.4 

235.8 

114.2 

531.2 

665.3 

44.6 
23.1 
31.8 

25.2 
1,321.2 



71.1 
36.6 
58.1 

11.4 



177.2 
217.S 
211.9 

128.3 

270.0 

16.0 

1.321.2 



96.5 
100.2 
288.0 

148.7 

633.4 

665.5 

ls.1 
22.9 
30.6 

25.2 
1,425.7 



96.3 
58.7 

93.4 
12.0 



260.4 

211.2 
210.3 
430.9 
29.Y 4 
17.5 

1,425.7 



rhese statistics arc for tin same companies as wen covered in tin* tables 
i. ii imk<s 39 and 40 ot tin- April-May Statistical Summary, with the 
i >i nissiiai nt two companies in Group l. riu- present statistics ar ,of cours . 
subject to all the limitations and qualifications which apply to the account- 
ins statements on which they are based. In particular, tin- "Source and 
Use oi Funds" statement, which is designed to show net cash received 



irom all sources and paid out lor all purposes, may nevertheless be art 
l>\ pun i\ bookkeeping transactions where these are not shown • 
in the company accounts or referred to in the company report*. 

(1) Includes depletion charges, patent write-offs, deferred development ch ; 
and amortization of bond discount. 

(2) Special wartime inventory reserves have been deducted. 



rm 



JUNE - JULY 1944 

j CLASSIFIED BY ASSET SIZE*: 1936-42 

Group 3 : Assets $1 - 5mm. 



60 



243 Companies 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



SOURCE AND USE OF FUNDS 



Source of Funds 

: Income to Stockholders (incl. Refundable EPT) 
:h Dividends 



[.distributed Profits 

breciation Charges 

•■rial Wartime Inventory Reserves 

Iter Non-cash Charges Against Current Income* 

Total Funds From Current Income . . . 

jrease in Bank Loans 

rease in Accounts Payable 

jrease in Accrued Taxes Payable 

le of Common Stock 



Total Net Source of Funds 



Use of Funds 

estment in Plant, Property and Equipment. 

estment in Inventories 

estment in Other Companies 

estment in Marketable Securities 

undable Portion of Excess Profits Tax 

lemption of Funded Debt 

lemption of Preferred Stock 

ease in Accounts Receivable 

ease in Holdings of Cash 

ease in Misc. Assets (less Misc. Liabilities) . 



Total Net Use of Funds. 



25.8 
16.5 



9.3 
12.4 

1.6 



23.3 

1.3 

3.2 

1.5 

.9 

25.8 



11.5 
4.5 
2.8 
1.6 

1.5 
3.5 
2.8 
.3 
1.1 



25.8 



34.7 
19.8 



14.9 
13.6 

2.0 



30.5 
2.2 
1.3 
1.9 
2.0 



37.9 



17.9 
9.0 
1.5 
1.1 

.7 

.4 

4.7 

2.6 



37.9 



32.5 
27.0 



5.5 

13.8 

1.9 



21.2 

1.7 

4.3 

.3 

.1 



15.0 



12.2 
6.6 
1.1 

.4 

2.2 
1.1 
3.6 
6.7 
1.5 



15.0 



40.9 

27.7 



13.2 

14.6 

.2 

2.0 



30.0 

3.6 

6.8 

3.2 

.9 

44.5 



14.6 

12.4 

1.4 

.8 

1.6 

.3 

10.3 

2.1 

1.0 



44.5 



38.5 
30.7 

7.8 

17.6 

1.3 

1.9 

28.6 
3.4 
8.6 

15.9 
.5 

57.0 



15.7 

is. r, 

2.4 
8.2 

.9 

l.S 

12.6 

1.0 



57.0 



43.3 

28.9 

14.4 

21.4 

1.7 

1.4 

38.9 

3.7 

14.1 

13.8 

.2 

70.7 



19.3 

28.9 

.2 

7.3 

1.3 

1.1 

10.6 

2.1 

.3 



70.7 



42.9 
25.9 



17.0 

23.5 

1.1 

1.3 



42.9 
3.7 

7.4 

3.1 

.4 



51.3 



14.2 

7.9 

.8 

14.0 
3.7 
3.1 
.6 
2.4 
4.6 
1.6 



51.3 



YEAR-END BALANCE SHEET 



Assets 



ketable Securities . 

•ntories (2) 

i aunts Receivable . . 



Total Current Assets. 



it, Property and Equipment (Net) (J) 

?stment in Subsidiary Companies (Net) <4) . 

:stment in Other Companies 

dwill, Franchises, etc 

indable Portion of Excess Profits Tax. . . . 
;r Assets' 5 ' 



Total Assets. 



Liabilities 

ibunts Payable 

i|k Loans 

ii - ued Taxes Payable 

[Test and Dividend Accruals 

Total Current Liabilities. . 

dedDebt'" 

erred Stock Outstanding 

imon Stock Outstanding 

led Surplus and Surplus Reserves'" . 
:r Liabilities' 8 ' 



Total Liabilities. 



30.3 
18.5 
75.0 
38.6 



162.4 

233.7 

13.7 

6.4 

32.1 

19.5 
467.8 



23.1 

12.7 

6.4 

3.4 



45.6 
50.6 

87.8 

199.2 

74.0 

10.6 

467.8 



32.9 
19.6 

83.8 
43.3 



179.6 

236.0 

13.5 

6.2 

29.4 

17.9 
482.6 



24.3 

15.0 

8.3 

3.8 



51.4 
50.1 
87.0 
199.4 
83.7 
11.0 

482.6 



39.7 
19.7 
77.0 
39.7 



176.1 

231.6 

15.4 

6.3 

27.6 

16.7 
473.7 



20.0 

13.3 

8.1 

3.3 



44.7 
47.0 
82.6 
199.1 
89.1 
11.2 

473.7 



41.7 
20.5 

89.2 
50.1 



201.5 

229.9 

15.2 

6.0 

25.0 

18.1 
495.7 



26.8 

16.9 

11.2 

4.0 



58.9 
44.6 
77.1 
200.8 
103.6 
10.7 

495.7 



42.7 

28.7 

106.4 

62.7 

240.5 

228.7 

16.0 

6.2 

23.2 

15.1 
529.7 



35.4 

20.3 

27.9 

3.9 



87.5 
43.7 
74.0 
201.3 
110.6 
12.6 

529.7 



44.8 

35.9 

133.3 

73.3 

287.3 

225.2 

16.5 

6.3 

22.4 

15.2 
572.9 



49.5 

24.0 

43.2 

4.6 



121.3 

41.4 

73.1 

200.7 

122.0 

14.4 

572.9 



49.4 

49.9 

139.9 

75.8 

315.0 

215.0 
15.0 

6.8 
22.4 

3.7 
15.4 

593.3 



56.9 

27.7 

38.8 

4.4 



127.8 

39.4 

72.7 

201.0 

137.5 

14.9 

593.3 



Leserves for depreciation and depletion have been deducted. 

ncludes current accounts receivable from subsidiaries and fixed invest- 

nents in subsidiaries less current and non-current accounts payable to 

nbsidiaries. 

ncludes non-current accounts receivable, deferred charges, bond discount, 

leferred development, etc. 



(6) Bonds and Mortgages outstanding less bonds held in the sinking fund. 

(7) Includes contingent and general reserves, capital surplus and the refundable 
portion of the Excess Profits Tax. 

(8) Includes non-current accounts payable, accounts payable to parent 
companies, deferred credits, pension fund reserves, insurance reserves, etc. 



61 JUNE - JULY 19? 

IX— FINANCIAL STATISTICS OF 625 COMPANIES CLASSIFIED BY ASSET SIZE*: 1936-42 

Millions of Dollars GROUP 4 : ASSETS UNDER $ lmm - : 211 COMPANIES 



Fiscal Year Nearest to Calendar Year 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



SOURCE AND USE OF FUNDS 



Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Special Wartime Inventory Reserves 

Other Non-cash Charges Against Current Income'" 

Total Funds From Current Income 

Increase in Bank Loans 

Increase in Accounts Payable 

Increase in Accrued Taxes Payable 

Issue of Common Stock 



Total Net Source of Funds 



3.6 
9. 2 



1.3 

2.1 

.1 



3.5 

.2 

1.3 

.2 



5.2 



5.1 

2.0 



3.1 
2.2 



5.3 

1.4 
.9 
.3 



7.9 



4.2 

4.7 



.o 

2.1 

.1 



1.7 
1.0 

2.0 

9 



1.5 



5.8 
3.2 



2.6 

2.1 



4.7 
.6 

2.3 
.6 
.5 



7.5 



5.6 
3.8 



1.8 
2.6 

.1 



4.5 

.1 

1.5 

3.2 



9.3 



7.1 

3.1 



4.0 

3.3 

.1 
.1 



7.5 
1.4 
2.6 
3.0 



14.5 



Use of Funds 

Investment in Plant, Property and Equipment . 

Investment in Inventories 

Investment in Other Companies 

Investment in Marketable Securities 

Refundable Portion of Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Accounts Receivable 

Increase in Holdings of Cash 

Increase in Misc. Assets (less Misc. Liabilities). 

Total Net Use of Funds 



2.0 
1.7 

.2 



.7 
.8 
.4 



2.9 

2.8 



.1 

.3 

1.4 

1.0 

.3 



1.8 

2.0 
.5 

9 



.2 

•9 

.3 



1.5 
1.4 

.1 

.5 
.2 

2.8 

1.7 

.1 



3.2 

3.2 

.5 

1.0 

.3 
.8 
3.1 
.5 
.3 



5.2 



7.9 



1.5 



7.5 



9.3 



3.4 
5.1 

.7 
1.4 

.2 
.3 
2.8 
.9 
.3 



14.5 



YEAR-END BALANCE SHEET 










Assets 


5.8 

3.5 

18.7 

12.0 

40.0 

32.3 
1.8 
1.9 
6.2 

3.5 


6.8 

3.2 

21.5 

13.4 

44.9 

32.8 
1.4 
1.8 

4.7 

3.3 
88.9 


6.8 

3.4 

19.4 

12.4 

42.0 

32.7 
1.7 
1.7 

4.5 

2.0 
84.6 


8.6 

3.3 

20.8 

15.2 

47.9 

31.8 
1.4 
1.7 
4.0 

2.1 
88.9 


8.1 

4.3 

23.8 

18.3 

54.5 

32.3 

.3 

1.6 

4.0 

2.3 
95.0 


9.0 

5.7 
28.7 
21.1 

64.5 

32.8 
1.9 
1.6 
4.0 

2.4 
107.2 


11.1 


Marketable Securities 


9.4 




29.4 




20.8 


Total Current Assets 


70.7 


Plant Property and Equipment (Net)' 


32.1 


Investment in Subsidiary Companies (Net)' 4 ' 


1.8 
1.5 




4.0 


Refundable Portion of Excess Profits Tax 


.9 


Other Assets' 5 ' 


2.4 






Total Assets 


85.7 


113.4 






Liabilities 


7.5 

4.7 

1.1 

.4 

13.7 

4.9 

14.1 

39.4 

9.0 

4.6 

85.7 


S.4 

6.2 

1.4 

.4 

16.4 

4.8 

L3.8 

37.5 

11.4 

5.0 

88.9 


6.5 

5.1 

1.2 
.4 

13.2 
4.S 
12.7 
37.1 
11.8 
5.0 

84.6 


8.7 

4.6 

1.7 

.5 


10.2 

4.7 

4.9 
.2 


12.7 
6.1 

S.3 
.3 

27.4 
3.8 
13.8 
34.7 
21.1 
6.4 

107.2 


12.9 

6.5 

8.6 

.2 

28.2 
3.3 
13.5 
35.0 
27.2 
6.2 






Interest and Dividend Accruals 




Total Current Liabilities 


15.5 
4.3 
13.2 
35. 2 
15.4 
5.3 

88.9 


20.0 
4.0 
14.0 
34.6 
16.9 
5.5 


Funded Debt' 6 ' 


Preferred Stock Outstanding 




Earned Surplus and Surplus Reserves 1 


Other Liabilities"" 




Total Liabilities 


95.0 


113.4 







* See notes on previous pages. 



I[UNE-JULY 1944 



62 



X— EMPLOYMENT AND PAYROLLS BY INDUSTRIES* 

Dominion Bureau of Statistics 



Unadjusted Index 1926 = 100 






EMPLOYMENT INDEXES 














MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 






Foods 


Forest 

Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 
Manufac- 
turing 


(ex. 
Finance) 

** 


Average of Months'" 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


1942 


159.7 


139.4 


166.6 


229.3 


394.4 


235.3 


171.3 


105.5 


130.3 


156.1 


173.7 


1943 


165.4 


135.5 


160.4 


266.3 


465.2 


264.9 


158.5 


114.4 


129.8 


155.1 


184.1 


Aver. 12-Mths. Ending 
























June 1944 


177.2 


141.3 


157.7 


275.8 


450.1 


264.7 


144.9 


IIS. 6 


114.1 


159.4 


184.4 


First of Month 
























1943— Feb. 


151.3 


140.9 


165.3 


259.6 


458.5 


264.0 


161.4 


105.5 


125.7 


149.3 


181.2 


Mar. 


150.3 


141.1 


165.5 


261.4 


468.3 


263.6 


162.2 


107.1 


122.6 


147.1 


181.5 


Apr. 


149.7 


133.3 


165.4 


262.6 


470.5 


264.9 


160.6 


109.4 


118.8 


148.8 


180.6 


' May 


152.0 


121.2 


162.5 


262.0 


466.6 


263.0 


157.8 


111.7 


115.6 


151.8 


178.2 


June 


156.3 


128.4 


161.5 


264.5 


464.7 


261.8 


156.2 


114.8 


126.3 


150.6 


181.2 


1944— Feb. 


177.0 


153.8 


157.7 


284.4 


438.8 


266.6 


159.5 


114.2 


90.9 


159.9 


183.2 


Mar. 


174.1 


154.5 


159.9 


28 1 . 1 


433.6 


264.2 


159.3 


114.8 


85.3 


156.5 


181.7 


Apr. 


173.7 


148.2 


161.4 


280.6 


434.8 


261.3 


159.1 


117.1 


81.8 


159.4 


180.5 


May 


176.1 


132.7 


159.7 


275.2 


424.2 


259.6 


155.4 


120.9 


87.2 


160.4 


178.2 


June 


181.3 


137.9 


157.5 


272.6 


419.3 


259.4 


152.9 


122.4 


101.3 


161.3 


180.5 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1943-44 





NUMBER OF EMPLOYEES : FIRST OF MONTH 




Dec. 


Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


Manufacturing 


1,207 

72 

74 

28 

151 

162 

44 

179 

65 


1,183 

78 

73 

28 

148 

133 

44 

181 

65 


1,188 

81 

74 

28 

144 

115 

44 

168 

65 


1,184 

81 

74 

28 

147 

108 

44 

165 

65 


1,17-9 

72 

74 

28 

148 

103 

45 

169 

65 


1,168 

49 

73 

28 

153 

110 

45 

171 

65 


1,168 


Logging 


53 


Mining 


72 


Communications 


29 


Transportation 


155 


Construction & Maintenance 
Services 


128 
46 


Trade 


172 


Finance 


65 






Total (as above) 


1 ,982 


1,934 


1,908 


1,896 


1 ,882 


1,861 


1,886 



Thousands of Dollars 



PAYROLLS : REPORTING FIRMS*: 1943-44 



AGGREGATE WEEKLY EARNINGS : FIRST OF MONTH 



Dec. 



Jan. 



Feb. 



Mar. 



Apr. 



May 



June 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



39,627 
1,752 
2,756 

844 
5,417 
4,810 

840 
4,495 
2,041 



35,682 
1,880 
2,477 

866 
5,313 
3,828 

826 
4,574 
2,077 



38,928 
2,029 
2,847 

860 
5,191 
3,421 

853 
4,404 
2,06S 



39,324 
2,265 
2,806 

859 
5,232 
3,312 

858 
4,372 
2,073 



39,155 
1,993 
2,789 

860 
5,511 
3,139 

872 
4,447 
2,100 



38,448 
1,408 
2,842 

878 
5,713 
3,271 

891 
4,507 
2,111 



38,126 
1,384 
2,688 

901 
5,713 
3,715 

891 
4,533 
2,116 



62,583 



57,523 



60,600 



61,102 



60,86^ 



60.069 



60,066 



* As reported by establishments with not less than 15 employees. ** Employment indexes for financial institutions were not compiled prior to 1940- 

(1) Average Jan. 1 - Dec. 1. (2) Lumber and Products. Pulp and Paper Products and Logging. 



w 



JUNE -JULY 194 



Millions of Dollars 



XI— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS'*' »> 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 


Retained 


— 












Total 


Excess of 




U.K. 


Other 


U.S.A. 


Other 


All 


Ex-Gold 


Imports 


Exports 




(2) 


BritishO) 




Foreign 


Countrlesm 




Ex-Gold 




Calendar Years 


















1937 


147 


89 


490 


82 


809 


15 


794 


382 


1938 


119 


67 


425 


67 


677 


11 


'666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1,346 


496 


1942 


117 


114 


1,305 


65 


1,600 


22 


1,579 


970 


1943 


100 


104 


1,424 


73 


1,701 


30 


1,671 


1,443 


12-Months Ending 


















June 1944 


101 


109 


1,444 


83 


1,737 


42 


1,695 


1,869 


Monthly 


















1943— Jan. 


5.7 


7.3 


104.8 


6.5 


124.4 


1.2 


123.2 


68.0 


Feb. 


7.1 


5.5 


94.2 


5.1 


111.9 


1.8 


110.1 


70.3 


Mar. 


9.3 


5.2 


120.0 


8.8 


143.3 


1.4 


141.9 


76.2 


Apr. 


7.6 


8.3 


124.4 


5.4 


145.6 


1.3 


144.3 


96.9 


May 


9.3 


13.5 


124.0 


4.4 


151.1 


2.7 


148.4 


114.7 


June 


8.1 


9.8 


121.1 


6.1 


145.2 


1.9 


143.2 


118.1 


1944— Jan. 


6.2 


8.2 


106.3 


4.8 


125.5 


4.0 


121.5 


130.0 


Feb. 


5.8 


9.0 


115.8 


6.9 


137.5 


2.1 


135.4 


99.9 


Mar. 


9.0 


9.5 


123.3 


8.2 


150.0 


7.3 


142.7 


152.8 


Apr. 


7.3 


5.8 


114.4 


8.9 


136.3 


3.8 


132.6 


159.6 


May 


10.9 


11.3 


127.0 


7.7 


156.9 


2.5 


154.4 


223.3 


June 


8.5 


10.9 


122.2 


10.0 


151.5 


2.8 


148.7 


205.3 



Millions of Dollars 



2. MERCHANDISE EXPORTS*' <»<♦' 





TOTAL EXPORTS (Excluding Gold) TO 


Net 
Non-Monetary 
Gold Exports 


Total Exports 




U.K. 


Other 

BritishO) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries 


Including Net 

Non - Monetary 

Gold 


Calendar Years 
















1937 


384 


107 


3S2 


15S 


1,031 


145 


1,176 


193S 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


;,7:; 


63 


1,638 


204 


1,842 


1942 


742 


625 


SMi 


111 


2,364 


184 


2,548 


1943 


1 ,033 


558 


1,149 


232 


2,971 


142 


3,113 


12-Months Ending 
















June 1944 


1,236 


557 


1,265 


382 


3,440 


124 


3,564 


Monthly 
















1943— Jan. 


42.6 


37.5 


91.2 


6.0 


177.3 


13.9 


191.2 


Feb. 


51.9 


26.7 


81.1 


8.0 


167.7 


L2.8 


180.5 


Mar. 


64.9 


43.8 


88.1 


S.3 


205.2 


12.8 


218.0 


Apr. 


89.3 


47.9 


81.7 


S.N 


227.7 


13.5 


241.2 


May 


95..-) 


53.1 


88.7 


13.3 


250.6 


12.5 


263.1 


June 


105.6 


37.2 


90.9 


15.5 


249.2 


12.2 


261.4 


1944— Jan. 


94.8 


32.7 


85.3 


29.2 


242.0 


9.4 


251.5 


Feb. 


78.2 


34.2 


91.7 


23.1 


227.2 


S.l 


235.3 


Mar. 


110.4 


34. 7 


97.4 


40.3 


282.7 


12.9 


295.6 


Apr. 


101.2 


35.9 


120.3 


25.5 


282.9 


9.3 


292.2 


May 


140.2 


51.1 


131.9 


45.2 


368.4 


9.4 


377.7 


June 


127.9 


56.9 


111.2 


47.2 


343.2 


10.9 


354.0 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics on pages 
85-86 of the Oct. -Nov. 1943 issue. (1) For earlier years, see pages 18-19, Dec. 1M4I - Jan. 1942 issue. 

(2) In the case of imports from the United Kingdon, does not include articles imported for the use of the armed forces of the United Kingdom, not 
articles admitted free under Order in Council. 

(3) Includes Egypt. 

(4) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. Aftel that 
date (owing to lack of available data) customs figures are used. 



'UNE-JULY 1944 



64 



XII— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce statistics unless otherwise stated 




12 200 



&§§§iii§§il 



1839 1910 



■U.IOH1 Or OM.LAMS 










BILLIONS Or DOLLAR* 


REPORTING MEMBER BANKS 





DC 


» t 
^ANO + TIME DEPOSITS 










r\r y\ 







J — 


COVER 


NMENT SECURITIES *>T 






'commercial LOANS* 1 


— 













■45 

40 
35 
30 

25 
20 
15 
10 
5 



1939 IB40 



1942 1943 





1930 1940 1941 1942 1943 (944 




939 1940 1941 1942 1943 1944 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 

Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III. Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U. K. and U.S. A 

Yields of Govt. Bonds, Canada, U. K. and U.S.A. 

IV Bond Issues and Retirements 

V Profit Statistics for 605 Companies 

VI Estimated Canadian Balance of International Payments 

VI I Business Activity 

Residential Construction 

VIII Wholesale Prices 

Building Materials and General Index 

IX Retail Merchandise Sales: Value . 

Retail Sales and Retail Prices 

X Newsprint: North America 

Newsprint: North America 

XI Canadian Wheat: Statistical Position 

Canadian Wheat: Supplies and Distribution 

XII Grains: Acreage and Production 

Wheat: Acreage and Average Yield 

XIII Cash Income from the Sale of Farm Products 

Cash Income from the Sale of Farm Products 



Pages 
65 - 66 

67 - 68 
65 
66 
67 
68 

69 
69 
70 
70 

71 

72 

73 - 74 

75 
75 

76 
76 

77 
77 

78 
78 

79 
79 

80 

82 

81 

82 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 

Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUG. - SEPT. 1944 



65 



AUG. - SEPT. 19T 



Millions of Dollars 



I— 











LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 
Accounts 


It; 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


A e 

r 

Liali 


Average of 
















= 


Month-end Figures 


















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


:*) 


1936—12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


• 12 


1937— 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


.'3 


1938— 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


18 


1939— 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


•8 


1940— 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


JO 


1941— 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 





1942— 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


:»2 


1943— 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1, 4 


End of 


















1943— Apr. 


108.6 


284.5 


393.1 


56.5 


35.5 


635.5 


42.6 


1,1 


May 


122.0 


313.1 


435.1 


46.8 


34.2 


624.8 


24.4 


1,8 


June 


113.4 


301.1 


414.5 


90.1 


19.2 


645.0 


28.9 


l.fl 


July 


104.9 


295.0 


399.9 


48.4 


13.2 


671.2 


23.7 


1,R 


Aug. 


118.3 


308.6 


426.9 


59.7 


10.3 


678.4 


31.0 


l,:t€ 


1944— Apr. 


116.0 


385.2 


501.2 


24.6 


17.4 


799.3 


28.8 


lv'l 


May 


138.7 


377.7 


516.4 


101.8 


26.6 


772.8 


34.1 


1, 


June 


103.4 


414.7 


518.1 


8.2 


22.0 


817.1 


54.3 


1,9 


July 


121.9 


414.9 


536.8 


43.0 


22.3 


820.5 


31.9 


1,* 


Aug. 


127.4 


432.5 


559.9 


53.9 


34.3 


833.0 


37.9 


l,.!l 



ir "Month-end Figures" rather than "Average of Wednesday Figures" which usually appear under this heading. (1) Includes "Other Securities". 
Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were 



CHARTERED BANK CANADIAN DEPOSITS 8. ACTIVE NOTE CIRCULATION : 1940-44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



6000 



600C 



5000 



500C 



4000 



3000 




DMJ SDMJ SDMJ SDMJ SDM 

1940 1941 1942 1943 1944 

Chartered Bank note circulation and Bank of Canada notes in public circulation. 



1 AUG 


- SEPT. 1944 










r-Qr*' 






'CAN 


ADA* 


















Millions of Dollars 








ASSETS 
















Reserve 






Securities 




All 
Other 








Foreign 
Currencies 


Total 


Reserve 


Dom.-Prov. 


Dom.-Prov. 




Advances 




>ld 


Silver 


Reserve 


Ratio 


Under 


Over 


Total (1) 




Accounts 












% 


2 yrs. 


2 yrs. 






























Average of 
Month-end Figures 


1.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


).8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


2.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


1.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


).S 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 


v 




* 


* 


* 


* 


* 


* 








i.3 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




— 


18.8 


18.8 




791.2 


339.5 


1,130.6 


— 


25.2 


1943 

End of 




- 


.6 


.6 




850.4 


278.0 


1,128.4 


- 


34.2 


Apr.— 1943 




- 


11.8 


11.8 




826.1 


302.5 


1,128.6 


- 


24.9 


May 




- 


47.2 


47.2 




816.7 


313.0 


1,129.6 


- 


20.8 


June 




- 


.5 


.5 




800.7 


333.1 


1,133.8 


- 


22.1 


July 




- 


37.6 


37.6 




798.8 


340.8 


1,139.6 


- 


29.2 


Aug. 




_ 


.2 


.2 




777.1 


567.7 


1,344.7 


_ 


26.4 


Apr.— 1944 




- 


.3 


.3 




879.0 


548.7 


1,427.7 


2.6 


21.2 


May 




- 


.2 


.2 




803.5 


576.1 


1,379.6 


.5 


39.4 


June 




- 


25.9 


25.9 




801.6 


602.6 


1,404.2 


- 


24.4 


July 


1 


— 


48.7 


48.7 




849.4 


593.8 


1,443.2 


— 


26.9 


Aug. 



66 



i i940 and subsequent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS: CASH IN CANADA* AND CANADIAN DEPOSITS : 1940-44 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



6000 



5000 



4000 



3000 




D M J S 


D 


M 


J 


1940 






1941 


* See note (3) on page 67. 









J 

1942 



J 
1943 



J 
1944 



67 



AUG. - SEPT. 194 



Millions of Dollars 



II— CHB 

V 





LIABILITIES 


-,-«. 




Notes 


Deposits 


Cash 
in CM 


Securities 
\ 








Dom. 


Canadian 




Total (2) 


DOM.-PROV. 






Demand 


Time 


and Prov. 


Deposits'" 


Foreign 


Deposits 


Canada 






Under 2 yrs. 


Over 2 yrs. 


Average of 






















Month-end Figures 






















1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


1938 


100 


690 


1 ,630 


94 


2,449 


408 


2,892 


252 


447 


696 2 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 [> 


1940 


91 


875 


1,647 


.227 


2,753 


430 


3,250 


287 


681 


630 2 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 2 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 1 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 | 


End of 






















1943— Apr. 


53 


1,800 


1,926 


257 


3,923 


563 


4,628 


393 


1,786 


719 1 


May 


51 


1,452 


1,732 


968 


4,090 


568 


4,799 


435 


1,581 


830 8 


June 


50 


1,539 


1,782 


780 


4,064 


583 


4,764 


415 


1,566 


805 3 


July 


48 


1,476 


1,826 


657 


3,940 


587 


4,627 


400 


1,559 


793 3 


Aug. 


47 


1,653 


1,916 


409 


3,940 


621 


4,681 


427 


1,579 


791 a 


1944— Apr. 


39 


1,987 


2,254 


265 


4,483 


691 


5,297 


501 


1,996 


1 ,033 1 


May 


37 


1,711 


2,094 


1,044 


4,806 


745 


5,691 


516 


1,856 


1,155 1 


June 


37 


1,841 


2,195 


800 


4,824 


791 


5,753 


518 


1,810 


1,172 1 


July 


36 


1,819 


2,265 


632 


4,700 


738 


5,568 


537 


1,819 


1,186 I 


Aug. 


36 


1,894 


2,370 


403 


4,656 


723 


5,504 


560 


1,809 


1,184 1 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and*: 



CHARTERED BANKS : CANADIAN DEPOSITS : 1940-44 



MILLIONS OF DOLLARS 

2500 



2000 



MILLIONS OF DOLLARS 

2500 



2000 



1500 




1000 



MJSDMJSDMJ 

1940 1941 1942 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



J 
1943 



J 
1944 



1 AUG. - SEPT 


1944 










-) BANKS 












'da 




















ASSETS 








tal 


Loans 


Total 
Assets 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


133 


140 


934 


87 


250 


261 


2,864 


99 


267 


1,343 


112 


301 


248 


3,528 


196 


117 


1,032 


165 


84 


172 


2,869 


40 


67 


786 


129 


51 


158 


3,349 


;40 


55 


855 


133 


48 


145 


3,592 


79 


44 


969 


122 


44 


138 


3,707 


27 


34 


1,091 


95 


44 


133 


4,008 


.73 


29 


1,075 


80 


56 


127 


4,400 


14 


35 


1,053 


62 


81 


102 


5,149 


.18 


25 


905 


66 


91 


114 


5,091 


.28 


33 


1,154 


70 


89 


109 


5,269 


87 


42 


1,148 


67 


67 


103 


5,234 


52 


36 


1,133 


61 


66 


100 


5,100 


81 


35 


1 ,063 


58 


76 


89 


5,155 


90 


42 


867 


53 


SO 


117 


5,742 


74 


81 


1,117 


58 


109 


118 


6,143 


58 


71 


1,061 


43 


100 


110 


6,210 


88 


63 


1,024 


38 


101 


110 


6,033 


68 


61 


966 


36 


99 


112 


5,970 



68 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


Note (si 
Circulation 












Average of 










Daily Figures 


192 


1 ,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


254 


2,412 


10.5 


205 


1938 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


384 


3,781 


10.2 


666 


Apr.-1943 


446 


3,976 


11.2 


665 


May 


435 


3,981 


10.9 


670 


June 


434 


3,961 


11.0 


688 


July 


425 


3,896" 


10.9 


707 


Aug. 


510 


4,352 


11.7 


SIS 


Apr.-1944 


531 


4,635 


11.5 


805 


May 


547 


4,657 


11.8 


810 


June 


544 


4,672 


11.6 


833 


July 


546 


4,595 


11.9 


852 


Aug. 



ires given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
jrtcred Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1940 -44 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



5000 



4000 



3000 




2000 



5000 



4000 



3000 



2000 



1000 



t>y 



AUG. - SEPT. 19M 



III— SECURITY PRICES 

Bank of Canada 





Dominion < 


yf Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


Monthly 














1943— Sept. 


95.00 


3.16 


3.00 


2.77 


2.23 


1.52 


Oct. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.53 


Nov. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.54 


Dec. 


94.66 


3.17 


3.00 


2.76 


2.24 


1.55 


1944— Jan. 


94.72 


3.17 


3.00 


2.74 


2.21 


1.52 


Feb. 


95.78 


3.13 


3.00 


2.71 


2.17 


1.48 


Mar. 


96.95 


3.09 


3.00 


2.69 


2.15 


1.46 


Apr. 


97.00 


3.09 


3.00 


2.68 


2.15 


1.45 


May 


97.00 


3.09 


3.00 


2.69 


2.15 


1.45 


June 


97.00 


3.09 


2.99 


2.68 


2.14 


1.45 


July 


97.00 


3.09 


2.99 


2.67 


2.14 


1.45 


Aug. 


97.12 


3.09 


2.99 


2.67 


2.12 


1.44 


Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 



YIELDS OF DOMINION GOVERNMENT BONDS : 1938-44 



PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1.4% 



2.0% 




2.6% 



32% 



3.8% 



MJSDMJSOMJSDMJSDMJSDMJSOMJSO 

1938 1939 1940 1941 1942 1943 1944 

1. Prior to 1940 figures are for 1st of month only. 2. Prior to 1940 figures arc average of month. 



26% 



32% 



38% 



" AUG. - SEPT. 1944 



70 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15 th of Month 




Canada ' 


U. 


K.<« 


U.S.A.«> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 


_ 





_ 





_ 




.590 


.611 


.053 


1939 


- 


- 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


Monthly 

1943— Sept. 


100.50 


3.02 


100.68 


2.93 


103.96 


2.14 


.462 


1.046 


.376 


Oct. 


100.50 


3.02 


100.76 


2.92 


103.88 


2.14 


.433 


.999 


.375 


Nov. 


100.50 


3.02 


100.84 


2.91 


103.57 


2.17 


All 


1.001 


.375 


Dec. 


100.58 


3.01 


101.08 


2.88 


103.31 


2.19 


.416 


1.017 


.375 


1944— Jan. 


100.87 


2.98 


101.00 


2.89 


103.29 


2.19 


.407 


1.010 


.374 


Feb. 


101.20 


2.95 


101.04 


2.88 


103.44 


2.18 


.390 


1.003 


.374 


Mar. 


101.42 


2.92 


100.82 


2.91 


103.62 


2.16 


.387 


.999 


.375 


Apr. 


101.45 


2.92 


100.73 


2.92 


103.67 


2.15 


.389 


1.011 


.375 


May 


101.38 


2.93 


100.69 


2.92 


103.66 


2.15 


.389 


1.000 


.375 


June 


101.46 


2.91 


100.84 


2.90 


103.60 


2.15 


.385 


1.002 


.375 


July 


101.50 


2.91 


101.03 


2.88 


103.51 


2.16 


.380 


1.002 


.374 


Aug. 


101.50 


2.91 


101.13 


2.87 


103.66 


2.14 


.383 


1.002 


.375 


Sept. 


101.63 


2.89 


101.05 


2.88 


103.77 


2.13 


.380 


1.010 


.375 



(1) Dominion of Canada 3% due Nov. 1, 1953-56 at 101. (2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 
(3) U. S. Treasury 2]/ 2 % due Mar. 15, 1956-58. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1943-44 

Daily Opening Quotations 



22% 




29% 



II 



AUG. - SEPT. 19 



IV— BOND ISSUES AND RETIREMENTS' 






Par Values in Millions of Canadian Dollars 



Bank of Canada 



Calendar Years 

1941 
1942 
1943 

Nine Months 

1941 
1942 
1943 
1944 

Quarters 

1944- I 

II 

III 



I-Dominion Direct & Guaranteed 
and Other G.N.R. 



New Issues 



934.5 
2,072.3 
3,047.8 

913.0 
1,062.4 
1,461.9 
1,452.0 

17.4 

1,422.0 

12.6 



Retirements 



397.6 
534.9 
590.2 

238.8 
462.5 
344.2 
280.3 

24.2 
137.3 
118.8 



Net New 

Issues or 

Retirements 



536.9 
1,537.5 
2,457.6 

674.2 

599.9 

1,117.7 

1,171.6 

6.8 
1,284.7 

106.2 



II-Provincial Direct and Guaranteed 



New Issues 



New 

30.4 
13. S 

45.1 

26.2 
9.2 

42.7 
3.9 



.4 



Refunding 

51 .5 

129.6 
101.1 

22.7 
100.4 
101.1 

45.2 



13. 
30. 



Retirements 



Refunded 

66.5 
133.0 
106.1 

55.5 
60.3 
98.7 

44.9 

12.7 

7.9 

24.3 



Other 

34.0 

45.1 
53.8 

25.6 
32.0 
45.2 
72.2 

17.3 
24.9 
30.1 



Net New 

Issues or 

Retirement: 



18.6 
34.8 
13.6 

32.3 

17.2 

./ 

68.0 

12.9 

2.0 

53.2 





III-CORPORATIONS 




New 


SSUES 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Otheri 


Calendar Years 

1941 


17.5 


3.8 


3.8 


81.3 


63.9 


1942 


7.9 


39.1 


41.7 


81.1 


75.9 


1943 


20.0 


34.9 


34.9 


76.5 


56.5 


Nine Months 

1941 


11.9 


2.6 


2.6 


59.5 


47.6 


1942 


7.3 


35.4 


38.1 


67.9 


63.2 


1943 


15.5 


33.7 


33.6 


58.5 


42.9 


1944 


33.0 


73.3 


73.3 


45.6 


12.6 


Quarters 

1941- I 


2.4 


33.6 


32. m 


13.8 


9.8 


II 


IS. 6 


35.2 


22.9 


17.5 


13.4 


III 


12.0 


4.5 


18.4 


14.3 


16.2 




IV— Dominion Treasury Bills, 
Deposit Certificates and Specu 
Short-Term Issues Sold to Bani 



Net New 

Issues or 

Retirements 



290.0 
644.0 
535.0 

250.0 
702.8 
560.0 
296.2 

105.0 

70.0 

121.2 



Total 

outstanding 

at End of Period 



970.0 
1,602.8 
2,137.S 

930.0 
1,672.8 
2,162.8 

2.434.0 

2,242.8 
2,312.8 

2.434.0 



Par Values in Millions of Canadian Dollars 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT' 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
* AND CORPORATION BONDS 



Calendar Years 

1941 

1942 
1943 

Nine Months 

1941 
1942 
1943 
1944 

Quarters 
I 
II 
III 



NEW ISSUES were payable In: 



Canada 


New York 


Canada & 




only 


only 


New York 




1,023.3 


14.0 




.4 


2,235.6 


26.1 


.6 


.4 


3,109.6 


139.4 


- 


- 


962.0 


14.0 


_ 


.3 


1,191.4 


22.4 


.6 


.3 


1,515.4 


139.4 


- 


- 


1,535.6 


61.4 


9.4 


.8 


34.8 


32.4 


3.3 


_ 


1,470.6 


29.0 


6.1 


.8 


30.3 


— 


— 


— 



Total 



1,037.7 
2,262.6 
3,249.0 

976.3 
1,214.8 
1,654.8 
1,607.3 

70.5 

1,506.5 

30.3 



RETIREMENTS were payable in: 



Canada 
only 



326.7 
407.4 
518.3 

265.7 
293.7 
250.5 
342.5 

54.3 
178.4 
109.7 



New I'ork 
only 



29.8 

12.6 

255.2 

27.7 

6,8 

252.4 

17.5 

2.6 

12.8 

2.2 



Canada 8^ 
New York 



18.0 
49.3 
52.3 

14.0 
22.8 
49.2 
59.1 

34.2 

15.7 

9.2 



Canada, 
New York 
& London 



21.4 
97.5 
21.4 

11.1 
79.7 
16.6 
93.8 

7.0 

2.9 

84.0 



London 



187.4 

269.1 

143 

63.5 

258.0 

11.4 
U 

2.0 

.7 
.7 



Total 



583.2 
835.8 
861.5 

382.0 
660.9 
580.1 
516.3 

100.0 
210.4 
205.9 



Net Increase or 

Net Decrease 

In Bonds Outstanc 

Inft Payable: 



in Canada Abroa , 
only 



696.6 
1,828.2 
2,591.4 

696.4 

897.8 

1,265.0 

1,193.2 

19.5 

1,292.2 

79.5 



242.1 
401.-, 
203.6 

102.C 
343S 
190.1 
102.2 

I0.C 

3.< 

96.1 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. IS. 193°. but thereafter conversion is made on the basis of the official rat 
of the Foreign Exchange Control Board. (1) Subject to revision. War Sivm:< Certificates are included. Provincial Treasury Hills are excluded. Domini. 
Treasury Bills, Deposit Certificates and special short-term issues sold to banks are not included in Heading I but are shown separately in Heading IV. i 
of lack of sufficient data no tabulations of retirements by municipalities and religious institutions was possible. However, the net reduction of total mi 
bonded debt less sinking funds has been (in millions of dollars) approximately 46. 55, and 41. respectively in the years l Q 41 to 1943. (2) C.P.R. Eqi; 
Trust Certificates for $26 mm. were sold in New York during March to refund the Collateral Trust Bonds which were called on June 1st hut which are show 
as refunded during the first quarter. 



ii 



" 



AUG. - SEPT. 1944 



72 



V— PROFIT STATISTICS FOR 665 COMPANIES* : 1936-43 

Millions of Dollars 
SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943** 


Net Operating Profit (Before Depreciation) (1> 

(2) 


392 

108 
47 
52 


476 

117 
50 
52 


410 

114 

48 

49 


488 

122 
44 
49 

361 

73 


619 

147 
40 
49 


763 

177 
43 
48 


838 

201 

37 

47 


799 
193 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) a) . . 


38 

45 


Net Profit before Income and Excess Profits Tax Provision'" 
Income & Excess Profits Tax Provision (ex. Refundable Portion) 


279 

49 

230 


357 
62 


295 
53 


463 

175 


581 
271 


627 

314 

313 

19 


599 
307 


Net Income to Stockholders' 1 ' ' . . 


295 
295 


242 


288 


288 


310 


292 


Forced Saving (Refundable Portion of Excess Profits Tax) ... . 


32 


Net Income Available for Dividends" 10 '. . ... 


230 


242 


288 


288 


310 


294 


260 






Net Income Paid Out in Cash Dividends 


185 

45 


219 
76 


234 

8 


223 
65 


223 
65 


223 

87 


209 

85 


196 


Undistributed Income (ex Forced Saving) 


64 







NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Fiscal Year 
Nearest to Calendar Year 



Food 

Drink 

Tobacco 

Leather 

Rubber 

Textiles and Apparel 

Wood Products, (incl. Logging). . . . 

Pulp and Paper"' 

Paper Products 

Printing and Publishing 

Iron,Steel&Products(ex Machinery) 

Machinery 

Gold Mining 

Other Non-Ferrous Metals 

Electrical Machineryand Equipment 

Coal and Petroleum 

Non-Metallic Minerals (ex Fuels). . 
Chemicals 

Wholesale Trade and Service 

Retail Trade and Service 

Electric Utilities 

Communications 

Transportation and Storage' 4 ' 

Total of 665 Companies 



Number 

"I 

Companies 



55 
17 

3 
12 

7 
56 

18 
25 
24 
12 

52 
58 
39 
19 

24 
28 
23 
39 

60 
33 

23 

6 

32 

665 



1936 



9.5 

11.5 

6.7 

.6 

1.7 

7.7 

1.0 
1.0 
2.9 
1.1 

6.2 

6.0 
3S.5 
59.5 

4.1 

34.5 

1.7 

9.0 

3.1 
3.4 

12.3 
6.9 

.7 

229.6 



9.6 

13.7 

7.1 

.6 

1.6 

7.4 

1.3 
7.1 
3.6 
1.4 

12.5 
12.5 
40.4 
85.0 



37.8 

4.3 

10.7 

3.6 

4.8 

14.6 

7.7 

.2 

294.7 



1938 



/ .1 

12.4 
6.9 

.4 
2.3 
4.4 

.8 

2.1 
3.0 
1.1 

9.4 
11.0 

43,1 
56.2 

6.0 
35.2 

(.s 
9.6 

2.7 

4.7 

14.0 

8.0 

.3 

241.6 



1939 



15.6 

12.1 

7.1 

.8 

2.4 

11.0 

1.6 
5 . 5 
3.6 

1.4 

14.7 

8.9 

43.3 

r>s.(> 

6.0 
32.6 

5.3 
13.3 

4.2 
5.6 

14.2 
8.1 
2.2 

288.1 



1940 



11.9 

11.5 

6.7 

.7 

2.2 

9.7 

1.3 

16.1 

3.6 

1.2 

14.2 
13.5 
40.7 
67.7 

6.5 
28.0 

4.9 
12.0 

4.3 
5.9 

13.8 
8.2 
3.8 

288.4 



Net 

Income to 

Stockholder; 



12.4 
13.9 

6.4 
.5 

3.2 
11.6 

1.4 

18.0 

4.6 

1.2 

14.9 
19.1 
36.7 
74.2 



5.4 

12.5 

4.4 
6.9 

14.9 

9.8 

5.S 

310.4 



13.7 
16.9 

6.6 
.9 

4.9 
12.6 

1.6 

14.2 

4.2 

1.1 

16.6 
22.7 
29.1 
72.9 

8.8 
24.4 

5.6 
11.5 

4.8 

7.7 

16.8 
9.9 
5.1 

312.6 



Of Which:- 
Forced 
Saving 



Net 

Income to 

Stockholders 



.7 
.5 
.3 
.1 
.5 
2.1 

.2 
.3 
.6 



2.0 
3.4 

1.9 

1.6 
.2 

.4 
.4 



.5 



1.3 
.8 
.5 



19.2 



14.3 
16.9 

6.6 
.8 

4.1 
10.1 

1.5 

14.3 

4.1 

1.2 

16.5 
20.2 
19.4 
68.1 

8.4 
25.9 

4.4 
10.4 

5.1 

8.2 

16.7 
9.3 
5.1 

291.6 



Of IVhich:- 
Forctd 
Saving 



2.3 

1.5 

.3 

.2 

.8 

1.2 

.3 
.9 
.9 
.1 

2.9 
6.6 

2.3 

2.0 
.5 



.9 
2.0 

1.6 
2.0 
1.2 

31.9 



* Compiled by Bank of Canada. The sample includes all those companies 
with 1941 assets over $200,000 for which consistent reports were available 
from 1936-1943. The accounts of certain companies which were available 
in some or all of these years were not comparable throughout the period 
and had to be excluded. The material is. of course, subject to all the 
limitations and qualifications which apply to the basic accounting 
statements. 

** Preliminary. 

(1) For purposes of comparability any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves (amount- 



ing to .1, .7, .8, 1.8. 4.4, 10.1, 6.2 and 3.3 in the years 1936-1943 
respectively), whether shown by the company in operating expenses or as 
an adjustment to earned surplus, have been deducted in arriving at Net 
Operating Profit. 

(2) Includes deferred development and depletion provision amounting to 
6.9, 9.5, 9.1, 8.8, 9.1, 9.3. 8.7 and 7.3 in the years 1936-1943 respectively. 

(3) Current bond interest owing but not paid in cash of 2.4 in the years 
1936-1940 and of 2.3, 1.9 and 1.5 in the years 1941-1943 respectively has 
been deducted from Net Income to Stockholders. 

(4) Includes grain elevators. 



IS 



AUG. - SEPT. 1944! 

VI— ESTIMATED CANADIAN BALANCE 6 



Millions of Canadian Dollars 



Empire Countries 
Current Account 

United Kingdom 

Merchandise Trade (Adjusted) '" . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items"' 



Total 



Other Empire Countries 

Merchandise Trade (Adjusted) (l) . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total 



Total Empire Countries 

Merchandise Trade (Adjusted) l " . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

War Service Receipts 

Canadian Overseas Expenditures . 
Remaining Current Items (2) 



Total 

Total Current Account 



All Countries 
Current Account 

Merchandise Trade (Adjusted) (I) . . 
Net Exports of Non-monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total Current Account. 

Special Gold Transactions 

Capital Receipts or Payments .... 

Billion Dollar Contribution 

Mutual Aid 

Balancing Item (6 ' 



United Kingdom. 
Other Empire . . . 
Total Empire 



Capital Receipts 



(« 



Sub-Total 

Special Transactions 51 

Capital Payments' 4 ' 

Billion Dollar Contribution' 4 ' 

Mutual Aid 



1942 



Exports 
or Credits 



2,515 

184 

81 

67 

221 

308 

3,376 

23 

1,235 



Balancing Item 



1,424 

2 

5 

114 

112 

1,657 



117 

2 
13 

37 

169 

1,541 

2 

7 
127 
1 30 

19 
1,826 
1,657 

169 
1,826 

884 
2,710 



Imports 
or Debits 



1,400 

26 
270 
228 
345 

2,275 

23 

1,343 

1,000 



116 
2 

50 

41 

225 

434 



110 



123 

226 

2 

51 

49 

191 
38 

^5T 
434 
123 

"557~ 



557 

23 

1,129 

1,000 



Net Credit 
Net Debit 



1,109 

184 

55 

203 

7 
37 

1,101 



108 
1,000 



1 ,308 

45 

73 

113 

1,223 



1 

5 

33 

46 



1,315 

44 

78 

130 

191 

19 

1,269 

1,223 

46 

1,269 

884 

2,153 

23 

1,129 

1,000 



1943 



Exports 
or Credits 



3,050 

142 

88 

59 

288 

437 

4,064 
143 

677 



1,636 

1 

4 

128 

120 

1,889 

127 

1 
20 
29 

177 

1,763 

1 
5 

1 is 
1 28 

21 

2,066 

1,889 

177 

2,066 

20 
2,086 



Imports 
or Debits 



1,579 

36 
261 

294 
688 

2,858 

143 

1,360 

511 



100 
2 

51 

40 

547 

740 

100 

1 

7 
•) 

110 

200 
2 

52 

47 

499 
50 

850 

740 

110 

"850" 



850 
143 
586 

502 



1 AUG. - SEPT. 1944 

Irnational payments 

\if Statistics* 



74 



1942 AND 1943 



Millions of Canadian Dollars 



1942 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



1943 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



on-Empire Countries ' 
Current Account 

United States 

Merchandise Trade (Adjusted) . . . 
Net Exports of Non-monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



Total 



Other Non-Empire Countries 
Merchandise Trade (Adjusted) ( " . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



911 

184 

79 

43 

92 

152 

1,461 



63 

17 
2 

7 



Total 



Total Non-Empire Countries 

Merchandise Trade (Adjusted) (l) . . . 
Net Exports of Non-monetary Gold. 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



Total Current Account 



Total Current Account — United States 

Other Non-Empire. 



Total Non-Empire. 



Capital Payments 



Sub-Total 

Special Transactions' 5 ' 
Capital Receipts' 6 '. . . . 

Mutual Aid 

Balancing Item "' 



89 



974 

184 

79 

60 

94 

159 

1,550 

1,461 
89 

1,550 



1,550 

23 

351 



1,116 

24 
215 
179 
107 

1,641 



64 
4 
9 

77 

1,180 

24 
219 
179 
116 

1,718 

1,641 

77 

1,718 

214 

1,932 



205 

184 

55 

172 
87 
45 

180 



13 
2 
2 

12 

206 

184 

55 

159 

85 

43 

168 

180 
12 

168 

214 

382 

23 
351 



1,224 

142 

87 

34 

137 

274 

1,898 



63 

20 
3 

14 

100 




1,998 

1,898 
100 

1,998 



1,998 
143 
657 



1,311 

34 
205 
247 
120 

1,917 



68 

4 

19 

91 

1,379 

34 
209 
247 
139 

2,008 

1,917 
91 

2,008 

774 
2,782 



87 
142 

53 
171 
110 
154 

19 



16 
3 
5 



92 

142 
53 
155 
107 
149 

10 

19 

9 

10 

774 
784 

143 

657 
9 

7 



| The above estimates are taken from "The Canadian Balance of Inter- 
i national Payments, 1937 to 1943" recently released by the Dominion 
Bureau of Statistics. 

I Merchandise trade entries are compiled to show as far as is possible the 
actual transfers of funds connected therewith rather than the physical 
movement of goods as recorded in the trade returns. Under wartime 
j conditions there are frequently considerable deviations between the two 
j series particularly in the case of munitions and other inter-governmental 
transactions. Exports however do make allowance for "Mutual Aid" and 
"Billion Dollar Contribution" transactions for which no foreign exchange 
is received and hence unless adjusted by the offsetting debits under capital 
account they are not a measure of foreign exchange receipts. The treat- 
ment of these transactions nevertheless does conform with the general 
principle followed, in that records of payments rather than exports, have 
been used. 

"Other Current Items" under the headings "United Kingdom" and 
"Other Empire Countries" include Canadian war expenditure overseas, 
and war service receipts (such as those connected with air training and 
internment operations). These two component items are shown separately 
in the summary table for "Total Empire Countries." 



(3) It should be noted that Canada's Non-Empire Balance of Payments 
Estimates do not coincide strictly with total receipts and disbursements 
of U.S. funds. Included in the estimates are items such as for example 
sterling and Canadian dollar transactions with Non-Empire countries, 
the gift of wheat to Greece and mutual aid to U.S.S.R. However, in the 
years concerned a set of estimates based solely on U.S. dollar transactions 
would not differ extensively from the above form of presentation. 

(4) Details on the capital transactions are shown in table 3, page 9, "The 
Canadian Balance of International Payments, 1937 to 1943". (See foot- 
note *). See also comments in the text. 

(5) Consisting in 1942 of gold, and in 1943 of U.S. dollars, received from the 
United Kingdom in part settlement of the deficiency with Canada. 

(6) Some further details on capital account between Canada and Non-Empire 
countries, respecting new issues and retirements and transactions in 
outstanding securities are shown in table 5, page 13, "The Canadian 
Balance of International Payments, 1937-43". (See footnote *). See also 
comments in the text. 

(7) Reflects possible errors and the omission of certain factors which cannot 
be measured statistically such as changes in the timing of payments for 
goods and services, etc. 






75 


















AUG. - SEPT. 1944 








VII 


—BUSINESS ACTIVITY 


















Dominion E 


ureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 

Payrolls 

Index 

(3) 

Unadjustei 

June 1, 
1941 = IGi 




Gold 


Nickel 


Steel 


News- 
print 


Central 
Electric 

Stations' 2 ' 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals' 4 ' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 





65.1 




1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,635 


103.8 


74.6 


_ 


1938 


4,725 


105 


1,294 


2,625 


18,056 


55 


2,428 


99.9 


73.1 


- 


1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


- 


1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


143 


3,121 


3,177 


32,506 


79 


3,387 


149.5 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2.9S3 


35,719 


79 


3,454 


151.0 


120.4 


144.9 


12-Mths Ending 

Aug., 1944 


3,145* 


139 


2,994 


3,005 


36,106 


126 


3,631 


159.1 


120.5 


148.3 


Monthly 

1943-Apr. 


323.0 


12.8 


264.4 


229.6 


2,869 


8.8 


280.2 


153.5 


118.1 


144.1 


May 


313.5 


12.3 


271.7 


254.0 


3,012 


10.4 


283.8 


138.7 


116.5 


139.6 


June 


326.8 


12.9 


239.5 


257.8 


2,900 


10.4 


297.9 


130.9 


118.5 


143.4 


July 


292.7 


11.8 


250.5 


262.3 


2,970 


7.3 


293.5 


144.7 


120.1 


145.5 


Aug. 


293.3 


10.7 


246.8 


259.6 


3,022 


7.2 


302.1 


148.4 


121.6 


147.5 


1944-Apr. 


244.8 


11.6 


260.8 


236.4 


2,896 


13.9 


284.2 


174.0 


118.1 


148.6 


May 


256.8 


12.0 


263.4 


262.5 


3,023 


16.7 


318.0 


160.0 


116.5 


146.2 


June 


239.9 


10.2 


240.8 


246.9 


2,833 


21.7 


315.2 


143.2 


118.1 


146.0 


July 


235.6 


11.7 


234.4 


244.4 


2,789 


17.7 


297.4 


156.9 


120.0 


148.1 


Aug. 




11.9 


246.8 


262.7 


2,829 


8.9 


316.9 


165.3 


120.7 


14S.4 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) First of Month. (4) Average of months in case 
Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending July, 1944. 

RESIDENTIAL CONSTRUCTION : 1926-44 



RESIDENTIAL CONSTRUCTION CONTRACTS AWARDED : MACLEAN BUILDING REVIEW 



MILLIONS OF DOLLARS 

160 



MILLIONS OF DOLLARS 



120 



80 



40 











ANNUAL TOTALS, 1926-38 RUNNING 12-MONTH TOTALS, 1939-44 






































Wfi 


1 1 ! 


i,i 



160 



120 



80 



40 



1927 '28 '29 '30 '31 '32 '33 '34 '35 '36 '37 '38 '39 '40 '41 '42 '43 "44 '45 '46 



!■ 



' II 



AUG. - SEPT. 1944 



76 



VIII— WHOLESALE PRICES 

Index 1926 = 100 
CANADA U.K. 

Dominion Bureau of Statistics Board of Traded 



U.S.A. 

Bureau of Labor Statistics 





Farm 


Raw 




M anu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


Monthly 












1943- Aug. 


97.4 


100.4 


103.4 


92.9 


100.4 


Sept. 


97.9 


101.2 


102.5 


93.6 


101.1 


Oct. 


103.6 


103.2 


103.1 


93.7 


101.9 


Nov. 


104.2 


104.0 


103.3 


93.8 


102.4 


Dec. 


104.6 


104.3 


103.2 


93.8 


102.5 


1944-Jan. 


104.0 


104.1 


102.5 


93.8 


102.5 


Feb. 


104.3 


104.6 


102.3 


93.7 


102.7 


Mar. 


104.5 


104.8 


102.6 


93. 8 


103.0 


Apr. 


104.0 


104.7 


102.4 


93.8 


102.9 


May 


101.8 


104.0 


101.3 


93.6 


102.5 


June 


102.0 


104.0 


101.2 


93.5 


102.5 


July 


102.0 


103.7 


.101.2 


93.4 


102.5 


Aug. 


101.2 


103.4 


100.8 


93.5 


102.3 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


129.4 


130.9 


129.9 


131.5 


128.7 


131.1 


128.6 


131.3 


129.5 


131.9 


129.8 


132.3 


129.8 


132.8 


129.6 


133.1 


129.3 


133.6 


129.3 


134.0 


128. 9 


134.0 


131.3 


134.8 



Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


112.7 


105.8 


99.7 


103.1 


123.1 


112.4 


105.0 


99.9 


103.1 


122.2 


111.9 


105.1 


100.0 


103.0 


121.4 


111.3 


105.8 


100.2 


102.9 


121.8 


112.1 


105.6 


100.2 


103.2 


121.8 


112.2 


104.9 


100.2 


103.3 


122.5 


112.8 


104.5 


100.4 


103.6 


123.6 


113.4 


104.6 


100.5 


103.8 


123.2 


113.2 


104.9 


100.8 


103.9 


122.9 


113.0 


105.0 


100.9 


104.0 


125.0 


114.2 


106.5 


100.9 


104.3 


124.1 


113.6 


105.8 


100.9 


104.1 


122.6 


112.7 


104.8 


100.9 


103.9 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 
Prices of Finished Products. 



WHOLESALE PRICES : 1926-44 





INDEX 


1926 = 100 














130 

120 

110 

100 

90 

80 

70 







ANNUAL AVERAGES 




















BUILDING 


MATERIALS ^/\_ 




GENERAL INDEX — 


















| 


j , 





INDEX 1926 = 100, 




1927 '28 29 '30 - 3I 32 "33 34 '35 36 '37 '38 '39 '40 '41 '42 '43 '44 '45 '46 



// 



AUG. -SEPT. 19? 



IX— RETAIL MERCHANDISE SALES 

Dominion Bureau of Statistics 
Index 1935-39 = 100 



VALUE 





SEASONALLY ADJUSTED ll) INDEXES FOR CERTAIN STORES 






URBAN STORES 


Country 
General 
Stores 


Retail 




Depart- 
ment 
Stores 


Food 
Stores 


Hardware 
Stores 


Furniture 
Stores 


Radio & 

Electrical 

Stores 


Clothing, 

Boot 

& Shoe 

Stores 


Drug 
Stores 


Variety 
Stores 


Total 


Index 


Annual Average 

1930 


130.9 


126.2 


123.1 


125.2 


157.4 


132.3 


115.6 


88.5 


126.1 


* 


* 


1932 


93.1 


95.0 


80.5 


73.8 


82.5 


93.0 


96.4 


79.7 


91.8 


* 


* 


1933 


88.2 


86.3 


71.7 


68.1 


67.7 


85.0 


86.1 


74.9 


84.3 


* 


* 


1937 


103.8 


103.6 


104.8 


111.7 


109.2 


106.2 


104.0 


103.8 


104.5 


105.4 


102.0 


1938 


99.9 


102.1 


106.6 


98.1 


100.8 


99.3 


102.6 


105.2 


101.4 


103.2 


102.8 


1939 


103.6 


106.7 


107.6 


102.0 


103.0 


99.9 


104.8 


113.2 


105.1 


100.7 


101.0 


1940 


116.2 


117.5 


117.3 


118.1 


130.3 


113.5 


113.9 


133.8 


117.5 


106.7 


106.6 


1941 


133.8 


135.5 


137.6 


126.3 


138.7 


130.4 


131.2 


161.3 


135.8 


116.2 


114.9 


1942 


149.5 


156.1 


150.5 


127.7 


136.6 


164.2 


149.5 


186.4 


154.9 


132.9 


122.4 


1943 


151.0 


167.5 


147.0 


119.1 


115.0 


172.3 


165.2 


188.4 


160.8 


148.0 


124.5 


Aver.l2-MthsEnding 

Aug., 1944** 


159.1 


175.7 


158.8 


126.1 


110.3 


178.2 


173.6 


192.9 


168.5 


158.6 


125.5 


Monthly 

1944— Jan. 


151.3 


171.9 


176.7 


146.6 


130.0 


162.1 


177.0 


212.3 


166.1 


160.5 


125.3 


Feb. 


156.3 


174.3 


195.3 


125.4 


124.4 


190.4 


175.1 


203.6 


171.8 


162.1 


125.1 


Mar. 


174.0 


178.9 


178.0 


135.0 


119.1 


191.9 


172.1 


200.9 


177.4 


163.1 


125.1 


Apr. 


174.0 


181.5 


155.6 


128.5 


118.6 


179.8 


174.6 


196.2 


175.2 


176.0 


125.4 


May 


160.0 


177.4 


143.7 


125.6 


98.0 


185.9 


173.4 


191.8 


169.1 


164.1 


125.4 


June 


143.2 


192.7 


156.4 


131.7 


118.9 


171.9 


177.0 


189.5 


170.1 


163.4 


125.1 


July 


156.9 


176.3 


154.9 


150.8 


119.5 


183.8 


171.2 


186.8 


169.1 


159.9 


125.6 


Aug.** 


165.3 


183.3 


161.5 


121.2 


111.4 


189.9 


171.9 


184.3 


174.0 


160.7 


125.3 


(1) Adjusted for num 


jer of busin 


ess days an< 


1 seasonal v 


ariations. 


* Not avails 


ble. ** Preliminary. 











RETAIL SALES AND RETAIL PRICES : 1939-44 



INDEXES 1935-39 100 



DOMINION BUREAU OF STATISTICS 
MONTHLY 



INDEXES 1935-39 100 




1939 



*AUG. -SEPT. 1944 



Thousands of Short Tons 



78 



X— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


1 2- Mths Ending 
























Aug., 1944 


3,005 


271 


729 


4,004 


— 


541 


3,463 


3,233 


191 


3,424 


39 


Monthly 

1943-Apr. 


229.6 


13.1 


68.0 


310.7 


_ 


29.6 


281.1 


324.4 


17.0 


341.4 


60.3 


May 


254.0 


16.4 


68.7 


339.1 


- 


29.2 


309.9 


331.0 


16.3 


347.3 


37.4 


June 


257.8 


20.5 


70.3 


348.7 


- 


41.4 


307.3 


304.6 


16.2 


320.8 


13.6 


July 


262.3 


24.8 


67.9 


355.0 


- 


44.7 


310.2 


283.0 


15.2 


298.2 


12.0 


Aug. 


259.6 


21.8 


68.0 


349.4 


- 


41.2 


308.2 


289.4 


16.5 


305.9 


2.3 


1944-Apr. 


236.4 


19.7 


54.6 


310.7 


_ 


51.5 


259.2 


268.2 


15.2 


283.4 


24.2 


May 


262.5 


23.8 


60.9 


347.2 


- 


45.7 


301.5 


263.2 


16.5 


279.7 


21.8 


June 


246.9 


22.0 


61.1 


330.0 


- 


55.5 


274.5 


254. 8 


16.6 


271.3 


3.1 


July 


244.4 


21.8 


59.9 


326.1 


- 


47.2 


278.9 


233.2 


15.6 


248.8 


30.1 


Aug. 


262.7 


25.2 


60.6 


348.6 


— 


37.8 


310.8 


243.2 


15.5 


258.7 


52.1 



NEWSPRINT: NORTH AMERICA: 1936-44 

THOUSANDS OF SHORT TONS THOUSANDS OF SHORT TONS 



4400 



4000 



3600 



200 



100 















\ -_- ■ RETAINED 

\~~^ PLUS 


PRODUCTION*" 
MPORTS 






• (RUNNING 12- 


MONTH TOTALS) 






^/** ESTIMATED C 

* BY PUBL 


.ONSUMPTION ^*V 
ISHERS Y 




(RUNNING 12- MONTH TOTALS) ^ 














v> 


CUMULATIVE INCREASE* 
OR DECREASE IN 






vv 


1 


STOCKS SINCE 31/12/35 

(MONTH-END BASIS) 
1 




| 



4400 



4000 



3600 



200 



100 



1036 1937 1938 1939 1940 1941 1942 1943 1944 1945 

(1) Total supply: see above table. (2) See above table. (3) Cumulative difference of (a) Retained Production plus Imports and (b) Estimated Consumption 
by Publishers. For monthly figures see above table. 



/y 



AUG. - SEPT. 194 



Millions of Bushels 



XI— CANADIAN WHEAT : STATISTICAL POSITION 

Compiled from Grain Trade of Canada and the Monthly Review of the Wheat Situation 







Supplies 


Beginning 


of Period 




Apparent 
Domestic 
Dis- 
appearance 


Available 

for 

Export 

and 
Carry- 
over 


Exports 
of Wheat 

and 
Flour^ 




CROP YEAR 
Beginning 
August 1 


Grain 

in 
Canada 


Canadian 

Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


End of 
Period 
Stocks 


1927/28 


51 


5 


56 


480 


535 


120 


415 


324 


91 


1928/29 


78 


14 


91 


567 


658 


132 


525 


398 


127 


1929/30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930/31 


111 


16 


127 


421 


547 


139 


408 


269 


139 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 - 


1935/36 


202 


12 


214 


282 


496 


122 


374 


247 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


97 m 


121 


96 


25 


1938/39 


24 


1 


25 


360 


385 


122 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


556 


980 


171 


809 


215 


595 


1943/44 


579 


15 


595 


294 (3) 


888 


189™ 


699 (4) 


344 w 


355 


1944/45 


337 


18 


355 


448 (6> 


803 











(1) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports. (2) Exclusive of consumption of 
5.7 mm. bushels imported from the United States. (3) Provisionally revised on the basis af preliminary disposition data. (4) Preliminary. (5) Difference 
between "Available for Export and Carryover" and "End of Period Stocks". (6) First estimate. 



CANADIAN WHEAT 

TOTAL SUPPLIES AND DISTRIBUTION 



MILLIONS OF BUSHELS 



MILLIONS Or BUSHELS 



1000 



800 



CROP YEARS AUGUST I - JULY 3i 



SUPPLY 




DISTRIBUTION 




1000 



800 



600 



400 



200 



36/37 37/38 38/39 39/40 40/41 41/42 42/43 43/44 44/45 



36/37 37/38 38/39 39/40 40/41 41/42 42/43 43.'44 44A1S 



AUG. - SEPT. 1944 



80 



XII— GRAINS : ACREAGE AND PRODUCTION : 1937-44 

Dominion Bureau of Statistics 



WHEAT 



OATS 



BARLEY 



RYE 



FLAXSEED 



OTHER GRAINS 



(2) 

SUMMER 
FALLOW 



Total 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. acres 



mm. acres 



TOTAL CANADA 



1937 


180.2 


25.6 


268.4 


13.0 


83.1 


4.3 


5.8 


.9 


.8 


.2 


49.3 


1.7 


15.2 


60.9 


1938 


360.0 


25.9 


371.4 


13.0 


102.2 


4.5 


11.0 


.7 


1.3 


.2 


53.9 


1.7 


16.2 


62.3 


1939 


520.6 


26.8 


384.4 


12.8 


103.1 


4.3 


15.3 


1.1 


2.0 


.3 


59.0 


1.7 


16.0 


63.0 


1940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


.4 


56.8 


1.7 


17.3 


65.8 


1941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943f 


293.7 


17.5 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


67.4 


1944** 


447.7 


23.9 


526.1 


14.3 


203.8 


7.3 


10.6 


.6 


10.1 


1.3 


* 


* 


19.5 


* 



MANITOBA 



1937 


45.1 


2.9 


43.1 


1.4 


34.8 


1.4 


2.5 


.1 


.4 


_ 


.7 


_ 


2.0 


7.9 


1938 


50.0 


3.2 


41.0 


1.5 


31.0 


1.4 


3.2 


.2 


.3 


- 


.7 


- 


2.0 


8.3 


1939 


61.3 


3.2 


34.5 


1.4 


28.0 


1.3 


2.0 


.2 


.4 


.1 


.7 


- 


2.2 


8.4 


1940 


■ 66.4 


3.5 


33.0 


1.3 


27.5 


1.3 


2.3 


.2 


.8 


.1 


.6 


- 


2.2 


8.5 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


2 


3.0 


.1 


2.8 


8.5 


1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943f 


41.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944** 


54.0 


2.5 


62.2 


1.6 


56.3 


2.1 


.8 


— 


1.7 


.2 


* 


* 


2.2 


* 



SASKATCHEWAN 



1937 


36.0 


13.9 


22.3 


4.4 


5.5 


1.2 


.6 


.5 


.2 


.2 


.1 


_ 


8.6 


28.8 


1938 


137.8 


13.8 


90.0 


4.2 


20.0 


1.2 


3.4 


.3 


.7 


.1 


.4 


- 


9.8 


29.4 


1939 


271.3 


14.2 


112.0 


4.1 


26.0 


1.1 


9.3 


.6 


1.3 


.2 


.7 


- 


9.2 


29.6 


1940 


266.7 


15.6 


93.0 


3.9 


23.5 


1.3 


7.0 


.6 


1.7 


.2 


.5 


- 


10.2 


31.8 


1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


— 


13.8 


33.0 


1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943f 


156.0 


10.3 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


34.5 


1944** 


253.5 


13.8 


208.4 


5.6 


75.2 


2.7 


6.4 


.4 


6.8 


.9 


* 


* 


11.4 


* 



ALBERTA 



75.7 
148.2 
161.4 
180.7 

98.0 
171.0 

80.0 
115.5 



7.8 
8.0 
8.4 

8.7 

6.5 
6.4 
4.8 
6.7 



77.0 
101.0 

85.0 
103.0 

63.8 
175.0 
129.0 
127.4 



2.8 
2.9 

2.7 
2.6 

2.8 
3.3 
3.7 
3.2 



22.1 
29.2 
27.0 
32.0 

28.0 
75.0 
56.0 
56.0 



1.0 
1.1 
1.1 
1.1 

1.5 
1.9 
2.2 
1.9 



1.2 
2.7 
2.4 
3.0 

1.9 
4.4 
1.2 
2.0 



.1 
.2 
.3 

.4 

.8 
2.2 
3.3 
1.3 



.3 
.5 
.6 
.8 

.9 
2.7 
2.2 



4.6 

4.4 
4.6 
4.9 

6.5 
5.9 
6.3 
6.0 



16.4 
16.6 
17.0 
17.6 

17.7 
17.9 
17.8 



OTHER PROVINCES 



23.4 


1.0 


126.1 


4.5 


20.7 


.8 


1.4 


.1 


./ 





48.2 


1.6 


* 


24.0 


1.0 


139.3 


4.5 


22.0 


.8 


1.6 


.1 


./ 


- 


52.3 


1.6 


* 


26.6 


.9 


152.9 


4.6 


22.1 


.7 


1.6 


.1 


./ 


- 


57.0 


1.6 


* 


26.4 


1.0 


151.5 


4.5 


21.3 


.7 


1.7 


.1 


.2 


- 


54.9 


1.6 


* 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


./ 


— 


62.4 


1.9 


* 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


- 


80.8 


2.0 


* 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


- 


43.4 


1.7 


* 


24.7 


.8 


128.1 


3.9 


16.3 


.5 


1.4 


.1 


.3 


- 


* 


* 


* 



7.9 
8.0 
8.0 
7.9 

7.5 

7.7 
6.7 



1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only, f Preliminary. ** Estimate. * Not available. 



81 



AUG. - SEPT. 194 



XIII— CASH INCOME FROM THE SALE OF FARM PRODUCTS* 

Dominion Bureau of Statistics 



Millions of Dollars 








CANA] 


)A TOTAL 
















FIELD 


CROPS 






LIVESTOCK 


PRODUCTS 




All 
Other 

(4) 






Wheat 

(D 


Other 
Grains 


Other 
Field 
Crops 

(2) 


Total 


Cattle 

AND 

Calves 


Hogs 


Dairy 
Products 


Poultry 

AND 

Eggs 


Other 

Livestock 
Products 

(3) 


Total 


Total 


Calendar Years 


























1926 


419.4 


64.2 


51.5 


535.1 


84.2 


98.0 


112.0 


51.5 


15.9 


361.6 


60.8 


957.6 


1927 


389.5 


65.2 


41.6 


496.3 


97.5 


85.7 


116.3 


57.4 


17.2 


374.1 


63.7 


934.0 


1928 


464.7 


86.7 


33.9 


585.4 


119.5 


78.2 


126.3 


64.8 


19.1 


407.9 


70.5 


1,063.8 


1929 


345.9 


67.9 


35.8 


449.6 


115.5 


85.4 


122.8 


64.4 


19.1 


407.3 


69.8 


926.7 


1930 


178.1 


28.5 


35.3 


241.9 


73.1 


74.6 


105.7 


59.1 


13.9 


326.4 


63.8 


632.1 


1931 


103.2 


20.9 


27.1 


151.2 


55.8 


47.9 


85.3 


42.9 


11.8 


243.7 


50.2 


445.1 


1932 


125.9 


17.1 


20.2 


163.2 


41.2 


33.4 


67.8 


28.4 


8.1 


179.0 


41.4 


383.5 


1933 


124.6 


16.8 


22.3 


163.6 


39.5 


38.9 


71.2 


28.8 


9.4 


187.7 


45.2 


396.6 


1934 


149.4 


25.2 


27.9 


202.6 


46.7 


58.8 


81.9 


34.1 


10.6 


232.2 


50.6 


485.3 


1935 


151.4 


20.0 


28.4 


199.7 


64.2 


60.5 


87.1 


35.4 


11.3 


258.5 


54.6 


512.7 


1936 


153.3 


36.2 


34.6 


224.1 


66.8 


72.0 


98.9 


39.2 


14.6 


291.5 


55.2 


570.8 


1937 


149.5 


36.6 


40.8 


226.9 


94.6 


81.4 


110.3 


39.6 


20.8 


346.8 


63.0 


636.7 


1938 


188.6 


28.5 


39.5 


256.7 


74.9 


72.5 


119.0 


50.0 


18.6 


335.0 


63.7 


655.4 


1939 


217.9 


28.8 


49.5 


296.2 


94.3 


72.8 


113.8 


52.2 


17.7 


350.8 


65.1 


712.1 


1940 


187.7 


28.3 


37.9 


253.9 


106.6 


103.2 


127.1 


56.2 


24.3 


417.3 


72.7 


744.0 


1941 


174.3 


43.4 


46.3 


264.0 


140.9 


144.1 


165.4 


64.6 


25.9 


541.0 


88.3 


893.3 


1942 


145.5 


78.6 


67.1 


291.3 


167.6 


194.3 


227.2 


97.9 


31.2 


718.2 


102.2 


1,111.7 


1943 


201.1 


146.3 


90.0 


437.5 


182.0 


258.4 


248.9 


124.3 


36.3 


850.0 


119.4 


1,406.8 


12-Mths Ending 


























June, 1944 


296.1 


140.8 


90.1 


526.9 


195.4 


298.9 


266.9 


128.3 


36.9 


926.4 


119.7 


1,573.0 



Millions of Dollars 




PROVINCIAL 


DISTRIBUTION 










P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Al.TA. 


B.C. 


Calendar Years 




















1926 


8.5 


13.7 


15.7 


96.1 


254.6 


89.8 


291.2 


162.5 


25.5 


1927 


8.4 


14.S 


13.5 


95.9 


252.7 


79.7 


271.5 


170.0 


27.5 


1928 


8.0 


16.2 


13.2 


107.2 


269.1 


S3.0 


321.5 


213.7 


32.0 


1929 


8.5 


15.6 


13.4 


102.1 


264.9 


73.6 


245.1 


171.1 


32.4 


1930 


7.3 


16.2 


12.9 


82.7 


216.6 


4S.3 


122.4 


95.4 


30.3 


1931 


4.2 


12.7 


9.0 


62.3 


163.4 


3 1 .3 


70.6 


71.0 


20.6 


1932 


2.9 


10.3 


6.6 


47.6 


123.3 


28.6 


77.(1 


68.8 


17.7 


L933 


3.3 


12.6 


6.9 


17.7 


129.4 


32.3 


7(i.(i 


69.1 


l.S.li 


1934 


4.1 


13.2 


s.s 


60.4 


145.6 


43.3 


93.5 


95.3 


21.2 


1935 


4.3 


15.1 


10.2 


64.9 


153.4 


36.0 


108.9 


97.8 


22.1 


1936 


5.7 


15.2 


11.5 


72.6 


175.3 


46.8 


126.1 


93.4 


21. '2 


1937 


6.3 


IS. 3 


13.1 


S3. 2 


206.9 


74. S 


84.3 


120.4 


29.5 


1938 


5.7 


18.6 


12.1 


88.9 


207. 8 


64.6 


93.8 


132.7 


31.2 


1939 


7.0 


14.3 


13.5 


98.8 


208.9 


63.7 


158.0 


Us. 2 


29.8 


1940 


7.1 


14.9 


1.-..N 


114.5 


221.4 


(i4.7 


151.3 


124.4 


29.9 


1911 


7.6 


18.3 


18.6 


142.4 


275.5 


S2.2 


160.8 


149.5 


3S.4 


1942 


11.1 


21.9 


24.4 


176.9 


356.0 


104.9 


199.7 


172.9 


13.9 


1943 


13.9 


24.8 


30.3 


201.9 


396.7 


142.5 


315.9 


226.8 


51.1 


12-Mths Ending 




















June, 1944 


13.2 


25.S 


32.6 


216.6 


398.0 


156.3 


393.7 


280.7 


:.(i.O 



* These figures do not include certain direct bonus and subsidy payments, which do not enter into the price of farm products, but which constitute an 
addition to the income shown above. (1) Since 1939 income from the sale ol wheal has depended not only on the size of the crop but also upon the 
availability of transportation and storage facilities. (2) Includes corn, hay and clover, potatoes, suyar beets, seeds and tobacco. (3) Includes sheep and 
lambs, wool, horses, honey and fur farming. (4) Includes fruits, vegetables, forest products, maple product; and miscellaneous farm products. 



Fl 



AUG. - SEPT. 1944 



82 



WHEAT : ACREAGE AND AVERAGE YIELD PER ACRE = 1908 -44 

30j 1 ^r-7. 1 130 




1908 



1913 



1918 



1923 



1928 



1933 1938 



1943 1948 



CASH INCOME FROM THE SALE OF FARM PRODUCTS = 1926-44 



2000 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2000 



1500 




■TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 

Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 

Cash in Canada and Canadian Deposits 

Canadian Deposits ... . . . . 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. . 

Yields of Govt. Bonds, Canada, U.K., U.S. A 

IV Business Activity 

V Wholesale Prices 

VI Employment and Payrolls .... 

VII Wage Rates for Certain Types of Labour 
Wage Rates and Cost of Living 

VIII Cost of Living 

Wage Rates, Earnings and Cost of Living 

IX Public Finance: Municipalities .... 

X Exports and Imports By Countries .... 

XI Balance of International Payments: Net Current Account 

Index for 1944 



Pages 
83 - 84 



85 - 86 
83 
84 
85 
86 



87 
87 
88 



89 

89 

90 

91 
91 

92 
92 

93 - 94 

95 

96 

97 - 104 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 

Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



T. - 

AND 

INDEX 1944 



83 



OCT. - NOV. 19< 



Millions of Dollars 



-k 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tial 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


A.|ets 
r 
Liallit; 


Average of 


















Month-end Figures 


















1935—10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


50.1 


6.6 


21.1 


1936—12 Mths. 


38.3 


186.8 


225.1 


20.3 


.9 


66.9 


9.2 


22.. 


1937— 


46.2 


193.7 


239.9 


24.3 


1.1 


94.9 


13.2 


IZ. 


1938— 


51.4 


200.7 


252.1 


21.2 


2.2 


109.7 


12.8 


c8. 


1939— 


55.6 


212.6 


268.2 


29.8 


10.2 


129.3 


11.0 


48. 


1940— 


70.2 


217.2 


287.3 


42.4 


8.5 


206.9 


15.7 


JO 


1941— 


86.4 


221.9 


308.3 


55.7 


6.7 


320.0 


19.5 


;o. 


1942— 


100.2 


240.2 


340.4 


50.2 


17.2 


472.0 


22.6 


<2 


1943— 


112.4 


300.4 


412.9 


47.6 


22.9 


661.0 


30.3 


1,14 


End of 


















1943— June 


113.4 


301.1 


414.5 


90.1 


19.2 


645.0 


28.9 


1,17. 


July 


104.9 


295.0 


399.9 


48.4 


13.2 


671.2 


23.7 


1,16 


Aug. 


118.3 


308.6 


426.9 


59.7 


10.3 


678.4 


31.0 


1,26 


Sept. 


114.1 


305.7 


419.8 


36.2 


11.4 


701.0 


29.1 


1,17. 


Oct. 


114.0 


339.2 


453.2 


88.9 


15.6 


722.6 


31.7 


1,32. 


1944— June 


103.4 


414.7 


518.1 


8.2 


22.0 


817.1 


54.3 


1,49 


July 


121.9 


414.9 


536.8 


43.0 


22.3 


S20.5 


31.9 


1,44 


Aug. 


127.4 


432.:> 


559.9 


53.9 


34.3 


833.0 


37.9 


1,58. 


Sept. 


111.9 


454. S 


566.7 


21.9 


33.3 


870.9 


33.8 


1,56. 


Oct. 


133.9 


454.3 


588.2 


70:9 


32.4 


878.6 


43. S 


1,69. 



ir "Month r end Figures" rather than "Average of Wednesday Figures" which usually appear under this heading. (1) Includes "Other Securities". 

Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were soi 



CHARTERED BANK CANADIAN DEPOSITS 8. ACTIVE NOTE CIRCULATION = 1940-44 

MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 

6000 



5000 



4000 



3000 




600C 



5000 



400C 



3000 



M 



JSDMJ SDMJSDMJS 

1041 1042 1043 1044 

* Bank of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item altei Septemb< 91 



M J S 

1040 



OCT. 


- NOV. 1944 


















CAN 


ADA* 


















Millions of Dollars 








ASSETS 












Reserve 


Securities 


Advances 


All 

Other 

Accounts 




>ld 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 

2 yrs. 


Total (1) 




1.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


Average of 
Month-end Figures 

1935-10 Mths. 


3.8 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


2.0 


2.5 


19.0 


203.5 


J 6 JO 


59.7 


97.7 


163.9 


- 


5.9 


1937 


1.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


1.8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 


* 




* 


* 


* 


* 


* 


* 








5.3 


- 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




— 


18.8 


18.8 




791.2 


339.5 


1,130.6 


— 


25.2 


1943 

End of 




- 


47.2 


47.2 




816. 7 


313.0 


1,129.6 


- 


20. S 


June— 1943 




- 


.5 


.5 




800.7 


333.1 


1,133.8 


- 


22.1 


July 




- 


37.6 


37.6 




798.8 


340. S 


1,139.6 


- 


29.2 


Aug. 




- 


31.0 


31.0 




7S6.7 


360.7 


1,147.4 


- 


19.0 


Sept. 




- 


68.5 


68.5 




787. 4 


434.0 


1,221.4 


- 


22.1 


Oct. 




_ 


2 


.2 




803.5 


576.1 


1,379.6 


.5 


39.4 


June— 1944 




- 


25.9 


25.9 




801.6 


602.6 


1,404.2 


- 


24.4 


July 




- 


48.7 


48.7 




849.4 


593.8 


1,443.2 


- 


26.9 


Aug. 




- 


45.9 


45.9 




833.1 


625.5 


1,458.6 


- 


22.1 


Sept. 


I 




62.8 


62.8 




875.7 


622.9 


1,508.5 


— 


48.6 


Oct. 



84 



( 940 and subsequent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. 
: Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily discontinued. 



CHARTERED BANKS: CASH IN CANADA* AND CANADIAN DEPOSITS : 1940-44 



MILLIONS OF DOLLARS 

6000 



MILLIONS OF DOLLARS 

600 



5000 



14000 



3000 




J s 

1940 
* See note (3) on page 85 



J 
1941 



J 
1942 



J 
1943 



J 

1944 



85 





















OCT. 


- NOV. 19 


^ 




















ii— ch|r 


Millions of Dollars 




















!); 




LIABILITIES 








Notes 


Deposits 


Cash 
in o) 
Canada 


Securities 






Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total ( 2 ) 
Deposits 


DOM.-PROV. 


H 




Under 2 yrs. 


Over 2 yrs. 




Average of 
Month-end Figures 

1926 
1929 
1932 


169 
178 
132 


553 

696 

486 


1,341 
1,480 
1,376 


53 
102 

82 


1,958 
2,293 
1,955 


330 

418 
312 


2,333 
2,837 
2,322 


197 
212 
186 


344 
342 
490 


lc 


1938 
1939 
1940 


100 
94 
91 


690 

742 
875 


1,630 
1,699 
1,647 


94 
146 

227 


2,449 
2,630 
2,753 


408 
474 
430 


2,892 
3,144 
3,250 


252 

268 

287 


447 
516 
681 


696 
718 
630 




1941 
1942 
1943 


82 
72 
50 


1,088 
1,341 
1,619 


1,616 
1,645 

1,864 


322 

347 
521 


3,017 
3,319 
3,962 


439 
501 

588 


3,527 
3,905 
4,679 


308 
340 
413 


761 

997 

1,598 


722 
810 
807 




End of 

1943— June 
July 
Aug. 
Sept. 
Oct. 


50 
48 
47 
47 
46 


1 ,539 
1,476 
1,653 
1,768 
1,827 


1,782 
1,826 
1,916 
1 ,989 
1,961 


780 
657 
409 
329 

319 


4,064 
3,940 
3,940 
4,062 
4,089 


5S3 
587 
621 
596 
601 


4,764 
4,627 
4,681 
4,786 
4,805 


415 

400 
427 
420 
453 


1,566 
1 ,559 
1,579 
1,763 

1,784 


805 
793 

791 
800 
781 




1944— June 
July 
Aug. 
Sept. 
Oct. 


37 
36 
36 
35 
35 


1,841 
1,819 
1,894 
1,974 
2,144 


2,195 
2,265 
2,370 

2,464 
2,489 


800 
632 
403 
288 
323 


4,824 
4,700 
4,656 
4,708 
4,933 


791 
738 
723 
732 
729 


5,753 
5,568 
5,504 
5,565 
5,795 


518 
537 
560 
567 
588 


1,810 
1,819 
1,809 
1,874 
2,020 


1,172 
1,186 
1,184 
1,204 
1,232 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and ftp 



CHARTERED BANKS : CANAD IAN DEPOSITS : 1940-44 



MILLIONS OF DOLLARS 



2500 



2000 



1500 



MILLIONS OF DOLLARS 

250C 



200C 




1000 



DMJSDMJSDMJSDMJSDMJ SD 

1940 1941 1942 1943 1944 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



OCT. - NOV. 1944 
) BANKS 

da 



86 



tal 



33 
99 
96 

40 
40 
79 

27 
73 
14 

W 
52 
$1 
11 
JO 

■ >8 
,|8 
,iJ8 
,!0 
,!2 



ASSETS 



Loans 



CANADA 



Call 



140 
267 

117 

67 
55 
44 

34 
29 
35 

42 
36 
35 
34 
38 

71 
63 
61 
56 
56 



Current 
Public 



934 
1,343 
1,032 

786 
855 
969 

1,091 
1,075 
1,053 

1,148 

1,133 

1 ,063 

989 

985 

1,061 

1,024 

966 

939 

954 



Current 
Other 



87 
112 
165 

129 
133 

122 

95 
80 
62 

67 
61 
58 
56 
53 

43 
38 
36 
37 
38 



ABROAD 



Call 



250 
301 

84 

51 

48 
44 

44 
56 

81 

67 
66 

76 
79 
76 

100 
101 
99 
114 
112 



Current 



261 
248 
172 

158 
145 
138 

133 

127 
102 

103 

100 

89 

88 
91 

110 
110 
112 
115 
117 



Total 
Assets 



2,864 
3,528 
2,869 

3,349 
3,592 
3,707 

4,008 
4,400 
5,149 

5,234 
5,100 
5,155 
5,264 
5,267 

6,210 
6,033 
5,970 
6,043 
6,261 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note ( S ) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


254 


2,412 


10.5 


205 


1938 


209 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


435 


3,981 


10.9 


670 


June-1943 


434 


3,961 


11.0 


688 


July 


425 


3,896 


10.9 


707 


Aug. 


439 


4,021 


10.9 


725 


Sept. 


443 


4,000 


11.1 


745 


Oct. 


547 


4,657 


11.8 


810 


June- 1944 


544 


4,672 


11.6 


833 


July 


546 


4,595 


11.9 


852 


Aug. 


573 


4,557 


12.6 


868 


Sept. 


585 


4,764 


12.3 


893 


Oct. 



res given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
k of Canada notes in public circulation and chartered bank note circulation, including an approximate amount for the latter item after September 1944. 



HARTERED BANKS : CANADIAN DEPOSITS, LOANS L DOM.-PROV. SECURITIES : 1940 -44 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



5000 




4000 



3000 



2000 



1000 



8/ 



OCT. - NOV. 19-f 



III— SECURITY PRICES 

Bank of Canada 



YIELDS OF DOMINION GOVERNMENT BONDS : 1938-44 

PAYABLE IN CANADA ONLY 

Quotations for 1st and 15th of each month 



1.4% 



2.0% 







Dominion of Canada Bonds Payable in Canada Only 










Middle of the Market quotations 




• 


Average of B 


usiness Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Per 


petuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1938 


89.67 


3.35 


3.09 


2.76 


1.91 


1.13 


1939 


91.58 


3.28 


3.16 


2.90 


2.13 


1.54 


1940 


88.46 


3.39 


3.28 


2.95 


2.16 


1.48 


1941 


92.23 


3.26 


3.10 


2.92 


2.12 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


Monthly 














1943— Nov. 


95.00 


3.16 


3.00 


2.77 


2.24 


1.54 


Dec. 


94.66 


3.17 


3.00 


2.76 


2.24 


1.55 


1944— Jan. 


94.72 


3.17 


3.00 


2.74 


2.21 


1.52 


Feb. 


95.78 


3.13 


3.00 


2.71 


2.17 


1.48 


Mar. 


96.95 


3.09 


3.00 


2.69 


2.15 


1.46 


Apr. 


97.00 


3.09 


3.00 


2.68 


2.15 


1.45 


May 


97.00 


3.09 


3.00 


2.69 


2.15 


1.45 


June 


97.00 


3.09 


2.99 


2.68 


2.14 


1.45 


July 


97.00 


3.09 


2.99 


2.67 


2.14 


1.45 


Aug. 


97.12 


3.09 


2.99 


2.67 


2.12 


1.44 


Sept. 


97.25 


3.08 


2.99 


2.67 


2.10 


1.44 


Oct. 


97.25 


3.08 


2.99 . 


2.67 


2.10 


1.44 


Nov. 


97.19 


3.09 


2.99 


2.67 


2.10 


1.44 




2.6% 



3.2% 



~\r\ c / 

-'• 0/<, MJSDMJSDMJSDMJSDMJSDMJSDMJSD 

1938 1939 1940 1941 1942 - 1943 1944 

1. Prior to 1940 figures are for 1st of month only. 2. Prior to 1940 figures are average of month. 



38% 



OCT. - NOV. 1944 



88 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Month Treasury Bills 








Average o: 


Business Days 




Tender Rat 


j Nearest 15th of Month 




Canada* 1 ' 


U. 


K.<« 


U.S.A. «> 




U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 

1938 







_ 


_ 








.590 


.611 


.053 


1939 


- 


- 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


- 


- 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


- 


- 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


- 


- 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


1943 


100.32 


3.03 


101.05 


2.89 


103.83 


2.15 


.475 


1.007 


.373 


Monthly 

1943— Nov. 


100.50 


3.02 


100.84 


2.91 


103.57 


2.17 


All 


1.001 


.375 


Dec. 


100.58 


3.01 


101.08 


2.88 


103.31 


2.19 


.416 


1.017 


.375 


1944— Jan. 


100.87 


2.98 


101.00 


2.89 


103.29 


2.19 


.407 


1.010 


.374 


Feb. 


101.20 


2.95 


101.04 


2.88 


103.44 


2.18 


.390 


1.003 


.374 


Mar. 


101.42 


2.92 


100.82 


2.91 


103.62 


2.16 


.387 


.999 


.375 


Apr. 


101.45 


2.92 


100.73 


2.92 


103.67 


2.15 


.389 


LOU 


.375 


May 


101.38 


2.93 


100.69 


2.92 


103.66 


2.15 


.389 


1.000 


.375 


June 


101.46 


2.91 


100.84 


2.90 


103.60 


2.15 


.385 


1.002 


.375 


July 


101.50 


2.91 


101.03 


2.88 


103.51 


2.16 


.380 


1.002 


.374 


Aug. 


101.50 


2.91 


101.13 


2.87 


103.66 


2.14 


.383 


1.002 


.375 


Sept. 


101.63 


2.89 


101.05 


2.88 


103.77 


2.13 


.380 


1.010 


.375 


Oct. 


101.63 


2.89 


101.17 


2.86 


103.76 


2.13 


.380 


1.001 


.376 


Nov. 


101.65 


2.89 


101.52 


2.82 


103.77 


2.12 


.380 


1.002 


.375 



(1) Dominion of Canada3% due Nov. 1, 1953-56 at 101. (2) United Kingdom 3% due July 15, 1954-58; price excluding accrued interest. 
(3) U. S. Treasury 2 l A% due Mar. 15, 1956-58. 

LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1943-44 

Daily Opening Quotations 




21% 



-28% 



2.9% 



30% 



3.1% 



89 


















OCT. - ] 


VOV. 19<# 








IV- 


-BUSINESS ACTIVITY 

Dominion Bureau of Statistics 










PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

Unadjusted 

June 1, 
1941 = 100 


Aggregat 

Payrolls 

Index 

(3) 

UnadjusU 

June 1, 

1941 = It 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations* 2 ' 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals 14 ' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,253 


__ 


65.1 




1929 


1,928 


55 


1,544 


2,727 


13,897 


129 


3,533 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,176 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,635 


103.8 


74.6 


— 


1938 


4,725 


105 


1,294 


2,625 


18,056 


55 


2,428 


99.9 


73.1 


- 


1939 


5,094 


113 


1,551 


2,869 


19,405 


67 


2,549 


103.6 


74.5 


- 


1940 


5,311 


123 


2,256 


3,419 


22,522 


68 


2,827 


116.2 


81.2 


- 


1941 


5,345 


141 


2,701 


3,426 


27,724 


92 


3,204 


133.8 


99.6 


- 


1942 


4,841 


143 


3,121 


3,177 


32,506 


79 


3,387 


149.5 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,454 


151.0 


120.4 


144.9 


12-Mths Ending 

Oct., 1944 


3,042* 


139* 


2,999 


2,996 


35,789 


128 


3,659 


162.2 


120.3 


14S.4 


Monthly 

1943— July 


292.7 


11.8 


250.5 


262.3 


2,970 


7.3 


293.5 


144.7 


120.1 


145.5 


Aug. 


293.3 


10.7 


246.8 


259.6 


3,022 


7.2 


302.1 


148.4 


121.6 


147.5 


Sept. 


282.1 


11.3 


241.3 


251.8 


2,998 


8.3 


303.4 


156.8 


121.8 


148.7 


Oct. 


280.0 


11.5 


272.0 


259.3 


3,132 


7.9 


315.2 


157.3 


122.7 


150.8 


1944 -July 


235.6 


11.7 


234.4 


244.4 


2,789 


17.7 


297.4 


156.9 


120.0 


14S.1 


Aug. 


236.9 


11.9 


24(1. S 


262.7 


2,829 


8.9 


316.9 


165.4 


120.7 


148.4 


Sept . 


236.4 


11.4 


242.7 


244.2 


2,818 ■ 


9.4 


316.7 


179.7 


121.5 


149.6 


Oct. 






275.5 


258.3 


2,995 


9.3 


330.2 


171.3 


120.0 


151.0 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 
Department Store Sales. Employment and Payrolls Indexes. * 12-Months ending Sept., 1944. 



CANADA 

Dominion Bureau of Statistics 



WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Traded 



(3) First of Month. (4) Average of months in ca 



U.S.A. 

Bureau of Labor Statistics 





Farm 
Products 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


03.0 


95.6 


1932 


48.4 


55.0 


61.5 


09.S 


66.7 


1937 


S7.1 


84.3 


SI. 2 


SO. 5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


si.s 


no.;. 


88.8 


90.0 


1942 


82.5 


90.1 


98.] 


91.9 


95.6 


1943 


95.9 


99.1 


102.4 


93.1 


100.0 


Monthly 












1943-Oct. 


103.6 


103.2 


103.1 


93.7 


101.9 


Nov. 


104.2 


104.0 


103.3 


93. S 


102.4 


Dec. 


104.6 


10 1.3 


103.2 


93.8 


102.5 


1944-Jan. 


104.0 


104.1 


102.5 


93. S 


102.5 


Feb. 


104.3 


10-1.0 


102.3 


03.7 


102.7 


Mar. 


104.5 


104.S 


102. 


93. S 


103.0 


Apr. 


101.0 


104.7 


102.1 


03. S 


102.9 


May 


101.8 


10 1.2 


101.:! 


93.6 


102.5 


June 


102.0 


104.2 


101.2 


03.5 


102.5 


July 


102.0 


103.9 


101.2 


93.4 


102.5 


Aug. 


101.2 


103.6 


100.S 


03.5 


102.3 


Sept. 


101.0 


103.4 


100.7 


93.6 


102.3 


Oct. 


103.0 


103.3 


100.S 


93.6 


102.4 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


70.0 


81.8 


79.6 


83.0 


ION. 5 


110.2 


119.5 


123.1 


L28.8 


128.6 


130.8 


131.4 


12S.7 


131.1 


12S.6 


131.3 


129.5 


131.9 


129.S 


132.3 


129.S 


132.8 


120.0 


133.1 


120.3 


133.6 


120.3 


134.0 


L28.9 


134.0 


I3l.:i 


134.8 


129.9 


135.2 


L28.3 


134.8 


127.5 


134.5 



Farm 


Raw 




Manu- H _ , 


Products 


Materials 


Foods 


factures Total 

(2) 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73. li 


82.2 


78.6 


65.3 


70.2 


70.4 


Ml.) 


77.1 


67.7 


71.9 


71.3 


SI. 6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.0 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


122.2 


111.9 


105.1 


100.0 


103.0 


121.4 


111.3 


L05.8 


100.2 


102.9 


121.8 


112.1 


105.0 


100.2 


103.2 


121.8 


112.2 


104.9 


100.2 


103.3 


122.5 


L12.8 


101.5 


100.1 


103.6 


123.11 


113.4 


101.0 


100.5 


103.8 


123.2 


113.2 


101.0 


100.8 


103.9 


122.9 


113.0 


105.0 


100.9 


104.0 


125.0 


11 1.2 


100.5 


100.0 


104.3 


12 1.1 


113.0 


L05.8 


100.0 


104.1 


122.0 


112.7 


104.8 


100.9 


103.9 


122.7 


11 2. S 


101.2 


100.9 


104.0 


123.4 


113.2 


104.2 


101.0 


104.1 



(11 Adjusted to 1926=100 from base 1913 
Prices of Finished Products. 



i 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 



OCT. - NOV. 1944 



90 



Unadjusted Index 1926 = 100 



VI— EMPLOYMENT AND PAYROLLS BY INDUSTRIES' 

Dominion Bureau of Statistics 
EMPLOYMENT INDEXES 





MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 






Foods 


Forest 
Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 

Manufac- 
turing 


(ex. 
Finance) 

** 


Average of Months'" 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


1942 


159.7 


139.4 


166.6 


229.3 


394.4 


235.3 


171.3 


105.5 


130.3 


156.1 


173.7 


1943 


165.4 


135.5 


160.4 


266.3 


465.2 


264.9 


158.5 


114.4 


129.8 


155.1 


184.1 


Aver. 12-Mths. Ending 
























Oct., 1944 


186.9 


145.9 


156.S 


277.0 


429.2 


263.1 


L55.6 


120.4 


10S.0 


162.7 


183.8 


First of Month 
























1943— June 


156.3 


12S.4 


161.5 


264.5 


464.7 


261.8 


156.2 


114.8 


126.3 


150.6 


181.2 


July 


165.7 


131.9 


158.7 


265.1 


466.1 


264.5 


156.5 


117.2 


133.6 


151.4 


183.7 


. Aug. 


170.1 


131.8 


156.2 


266.4 


474.1 


262.5 


159.1 


119.7 


144.2 


151.8 


185.9 


Sept. 


177.5 


131.3 


L57.0 


268.6 


472.3 


266.4 


158.1 


120.4 


138.3 


152.1 


186.2 


Oct.. 


190.1 


132.8 


156.7 


274.1 


468.9 


267.2 


154.1 


120.0 


136.9 


156.3 


187.5 


1944— June 


181.3 


137.9 


157.5 


272.6 


419.3 


259.4 


152.9 


122.4 


101.3 


161.3 


180.5 


July 


191.2 


141.5 


156.5 


273.9 


419.7 


261.9 


153.1 


124.4 


110.8 


161.2 


183.5 


Aug. 


197.0 


139.5 


153.2 


273.4 


408.3 


261.3 


155.1 


125.2 


124.5 


161.7 


184.3 


Sept. 


211.6 


140.2 


153.4 


272.4 


407.3 


260.4 


152.4 


124.1 


130.8 


162.0 


185.5 


Oct. 


219.9 


162.3 


154.9 


268.4 


396.0 


256.9 


150.6 


125.2 


114.2 


165.7 


183.3 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1944 



NUMBER OF EMPLOYEES : FIRST OF MONTH 



Apr. 



May 



June 



July 



Aug. 



Sept. 



Oct. 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



1,179 

72 

74 

28 

14S 

103 

45 

169 

65 



1,168 

49 

73 

28 

153 

110 

45 

171 

65 



1,168 

53 
72 

29 
155 
128 

46 

172 

65 



,182 

52 

72 

29 

157 

140 

47 

173 

65 



1,179 

47 

73 

30 

15S 

157 

is 

174 

65 



1 , 1 85 

46 

72 

30 

160 

167 

48 

175 

65 



1 ,882 



1,861 



1 ,886 



1,919 



1 ,930 



1,948 



1,172 

54 

71 

30 

101 

146 

48 

ISO 

67 



1 ,928 



Thousands of Dollars 



PAYROLLS : REPORTING FIRMS*: 1944 



AGGREGATE WEEKLY EARNINGS : FIRST OF MONTH 



Apr. 



May 



June 



July 



Aug. 



Sept. 



Oct. 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 



39,155 
1,993 
2,789 

S60 
5,511 
3,139 

S72 
4,447 
2,100 



38,448 

1,408 
2,842 

878 
5,713 
3,271 

891 
4,507 
2,111 



38,126 
1 ,384 
2,688 

901 
5,713 
3,715 

891 
4,533 
2,116 



38,355 

1 ,403 
2, 70S 

897 
5,748 
4,163 

913 
4,598 
2,127 



38,102 
1 ,246 
2,770 

930 
5,808 
4,534 

907 
4,614 
2,128 



38,581 

1 ,265 
2,738 

932 
5,860 
4,740 

919 
4,635 
2,119 



38,729 
1 ,437 
2,769 

930 
6,236 
4,491 

924 
4,734 
2,156 



Total (as above) 



60,867 



60,069 



60,066 



60,910 



61,097 



61,790 



62,406 



* As reported by establishments with not less than 15 employees. ** Employment indexes for financial institutions were not compiled prior to 1940. 

(1) Average Jan. 1 - Dec. 1. (2) Lumber and Products. Pulp and Paper Products and Logging. 



91 



OCT. - NOV. 194 



Index 1935-39 = 100 



VII— WAGE RATES FOR CERTAIN TYPES OF LABOUR* 

Department of Labour 



Building Trades. . 

Metal Trades 

Printing Trades. . 
Electric Railways. 



Steam Railways 

Coal Mining 

Factory Labour 

Misc. Factory Trades . 

Logging & Sawmilling . 

Metal Mining 

Steamships 

Laundries 

Telephones 

Group Total . . . 



Weighting 



9.0 

15.6 

1.5 

.6 

5.9 

1.4 

13.9 

39.3 

7.6 

2.5 

1.6 

.4 

.5 



100.0 



1926 



104.2 

97.8 

102.9 

99.3 

95.8 
98.8 
98.5 
98.4 

108.4 
95.8 
99.2 

101.6 
92.5 



99.4 



1929 



119.6 
101.8 
107.7 
104.7 

105.0 
99.6 
98.7 

101.1 

110.5 

96.4 

105.7 

103.5 

97.1 



104.5 



1932 



107.9 

96.4 

103.4 

100.7 

94.6 
96.8 
91.3 
92.2 

76.7 
92.2 
95.1 
100.7 
91.3 



94.5 



1937 



100.1 

103.4 

99.9 

100.4 

100.8 

98.4 

102.8 

101.9 

104.6 
101.9 
101.2 
100.0 
101.6 



101.8 



1938 



102.5 
104.4 
101.5 
102.1 

105.0 
102.9 
105.0 
105.2 

112.0 
102.4 
109.0 
101.4 
102.8 



104.9 



1939 1940 



103.3 

104.7 
101.9 
102.7 

105.0 
102.9 
105.9 
106.0 

110.5 
102.8 
110.0 
101.7 
103.1 



105.7 



105.7 
109.3 
103.6 
105.6 

105.0 
104.0 
109.5 
110.6 

114.2 
103.5 
115.5 
103.1 
104.1 



109.4 



1941 1942 1943 



111.7 
119.0 
10S.6 
113.7 

117.7 
116.6 
122.4 

122.5 

125.6 
113.2 
126.9 
110.2 
114.5 



120.3 



118.4 
125.9 
113.8 
122.6 

119.8 
122.0 
132.9 
133.2 

139.4 
121.0 
142.6 
121.6 
120.5 



129.6 



128.8 
132.8 
116.0 
133.5 

131.5 
128.5 
149.0 
142.4 

152.9 
125.3 
147.0 
131.2 
127.3 



139.5 



* Rates include cost of living bonus. ** Preliminary 



WAGE RATES* AND 
PERCENTAGE INCREASE 



COST OF LIVING 
FROM 1935-39 TO 1943 



ALL OTHER 

METAL MINING 

COAL MINING 


-—-;■ 


—-"•"•- 


BUILDING TRADES ■ • • 






LAUNDRIES 






STEAM RAILWAYS • • ■ • 






METAL TRADES 






ELECTRIC RAILWAYS 


i-— 




MISC FACTORY TRADES 






STEAMSHIPS 






COMMON FACTORY LABOUR 






LOGGING AND SAWMILLING 







COST Or LIVING INDEX 



IO°/o 



20°/o 



30°/o 



40°/o 



50°/o 



60% 



* Wage rate indexes for certain classifications of labour, as collected and compiled by the Department of Labour and presented in the table a 

Includes cost of living bonus but takes no account of extra rales paid tor overtime work. The vertical measurement of each bar in the chart 
is proportional to the weighting of the respective components in the general wage rate index, as shown in the table above. 



OCT. - NOV. l')44 



92 



Index 1935-39 = 100 



VIII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


Q 


23 


100 


Average of Mdlvths 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


So. 7 


106.8 


100.6 


109.7 


100.4 


99.0 


1936 


97.S 


101.5 


99.3 


96.1 


97.2 


99.1 


98.1 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1938 


103.8 


97.7 


100.9 


103.1 


102.4 


101.2 


102.2 


1939 


100.6 


101.2 


100.7 


103.8 


101.4 


101.4 


101.5 


1940 


105.6 


107.1 


109.2 


106.3 


107.2 


102.3 


105.6 


1941 


116.1 


110.3 


116.1 


109.4 


113.8 


105.1 


111.7 


1942 


127.2 


112.8 


120.0 


111.3 


117.9 


107.1 


117.0 


1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 


Monthly 
















1943— June 


130.9 


113.0 


120.4 


111.5 


117.8 


108.2 


118.5 


July 


131.8 


113.4 


120.5 


1 1 1 .5 


117.8 


108.2 


118.8 


Aug. 


133.2 


113.4 


120.0 


111.5 


117.9 


10S.2 


119.2 


Sept. 


133.5 


113.4 


120.6 


111.5 


US. 2 


10S.3 


119.4 


Oct. 


132.9 


113.3 


121.1 


111.9 


118.2 


10S.3 


119.3 


1944— June 


131.1 


112.5 


121.5 


111.9 


118.4 


109.0 


119.0 


July 


132.0 


108.9 


121.5 


111.9 


118.3 


109.0 


119.0 


Aug. 


131.5 


10S.7 


121.5 


111.9 


118.5 


109.0 


118.9 


Sept. 


131.2 


ION. 7 


121.5 


111.9 


US. 4 


109.0 


118.8 


Oct. 


130.S 


10S. 7 


121.6 


112.0 


118.4 


10S.9 


118.6 



•Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500, with incomes between $1,200 -$1,600 most common. 



WAGE RATES, EARNINGS AND COST OF LIVING : 1934-44 



INDEX 



DOLLARS 



1 60 



I40 



I20 



I00 



90 













RATIO SCALE 






<2> 










w ^r 










CD X 


X 












AVERAGE WEEKLY EARNINGS v X 


s 












MANUFACTURING INDUSTRIES \S 


s 












X 
















S * 
















S * 


> 
















S ' 


















S ' 


















r y 


















* 


















* 


















s 


















• ^x 


















• ^^ 


















• ^^^ 
















t ^ 00 " 1 ' 
















**f ^ 
















*ZZ^~ 





^*-~ 


^ ^COST OF LIVI 
1935-39 


NG INDEX 
- 100 
















-""■^x 


















s 


C3> 














s**— 


- WAGE RATES INDEX 








.^-* 


*• •"•*■"" 






ALL INDUSTR 
1935-39- l( 


ES 

30 





























32 



28 



24 



20 



18 



1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 

(1) 1934-42, annual averages as reported by the Census of Industry. 1943-44, average of weekly earnings as reported to the Employment and 
Payrolls Statistics Branch, Dominion Bureau of Statistics. 

(2) Average 12-months ending October, 1944. 

(3) General wage rate index as shown in table on facing page. Includes cost of living bonus but takes no account of extra rates paid for overtime 
work. 



93 



IX— MUNICIPALITIES' 



OCT. - NOV. 194 
CURRENT REVENUE AND EXPENDITURE 

Millions of Dollars 



CURRENT REVENUE* 



Calendar Years ' 

Real Property Tax (5) 

Metropolitan 

Other Urban 

Rural 

Total 

Sales Tax 

Metropolitan 

Other Urban 

Rural 

Total 

Income Tax 

Metropolitan 

Other Urban 

Rural 

Total 

Other Taxes 

Metropolitan 

Other Urban 

Rural 

Total 

Total Taxation 

Metropolitan 

Other Urban 

Rural 

Total 

Licenses, Permits & Fees 

Metropolitan 

Other Urban 

Rural 

Total 

Public Utility 
Contributions 

Metropolitan 

Other Urban 

Rural 

Total 

Other (7) 

Metropolitan 

Other Urban 

Rural 

Total 

Total Revenue 

Metropolitan 

Other Urban 

Rural 

Total 



1941 



99.1 
89.3 
53.5 



241.9 

6.0 

.7 
.1 



6.8 



2.3 

1.3 

9 



3.8 



10.9 

11.2 

1.7 



23.8 



118.3 

102.5 

55.5 

276.3 



3.4 

3.2 

.9 

7.5 



5.2 

6.7 
.1 

12.0 



11.3 

10.9 

5.6 

27. 8 



13S.2 

123.3 

62.2 

323.7 



1942 



97.7 
90.8 
55.2 

243.7 



6.3 

1.3 

.1 

7.8 



10.9 

11.9 

2.2 

25.0 



114.9 

104.0 

57.6 

276.5 



3.3 
3.3 

.9 

7.5 



6.2 
7.3 

.1 

13.6 



L3.2 

12.4 
6.5 

32.1 




329.8 



1943 

(Est.)H) 



96.5 
90.9 
57.0 

244.4 



6.5 

1.7 
.2 

8.4 



10.5 

12.2 

2.4 



25.1 



113.5 
104.8 

59.6 



277.9 

3.2 

3.4 
.9 

7.5 



6.9 

7.S 
.1 

L4.8 



12.8 

12.1 

6.7 



31.9 




332.1 



1944 

(Est.)W 



97.3 
91.3 
57.4 



246.0 

5.9 

1.7 
.1 



10.7 

12.4 

2.5 



25.6 



113.9 
105. 1 

60.0 



279.3 



3.3 

3.3 

.9 



7.6 



8.3 

.1 



15.9 



11.3 

12.1 

6.6 

(6) 

30.3 



13(1.0 
129.4 

(17.7 

333.1 



CURRENT EXPENDITURE' 



Calendar Years"' 



Schools 

(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Public Welfare' 8 ' 

(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Streets and Roads 
(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Other (ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Debt Service 

(ex. Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Total 
Current Expenditure 

(ex. Charges for 

Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Charges for 
Debt Repayment 

Metropolitan 

Other Urban 

Rural 

Total 

Total 
Current Expenditure 

Metropolitan 

Other Urban 

Rural 

Total 



1941 



29.8 
31.7 
22.9 

84.4 



18.0 

13.7 

6.9 

38.6 



6.0 
10.2 
11.3 

27.5 

42.2 
33.3 
12.0 

87.5 



26.9 
15.9 

3.S 

46.6 



L22.9 

104.9 
56.8 

284.6 



L3.8 

17.0 
3.7 

34.5 



L36.8 

121.9 
60.5 



1942 



29.6 
33.3 
24.8 

87.7 



17.4 

14.1 

7.0 

38.5 



6.6 
10.2 
11.1 

27.9 

41.6 
34.7 
11.8 
88.1 



26.1 

15.4 

3.4 

44.9 



121.3 

107.7 

58.1 

287.1 



13.5 
16.1 

3.5 

33.1 



L34.8 

123.S 
61.6 



319.2 320.2 



(I i Including School Corporations. (2) Provincial grants, other than i 
sidies have been excluded from Revenue and corresponding amounts de 
Expenditure where necessary. Provincial subsidies for general purposes are f 
in "Other revenue . Some revision of the material published in : 
previous years has been made to conform with the classification 
Conference On Municipal Statistics. The classification of Rover 
taxation and Expenditure involved a considerable amount ofvs! 
classified totals are at best approximate. (3 (4) See notes 3 and 4 on fac 
(5) These figures, like most of those on which this table is b 
and not a cash basis. (6] Grants in lieu of Income lax 
Dom.-Piov. Tax Agreements, are included in "Other Revenue". (7) I 
any surpluses from previous •• in s Including Direct Re; 
even if funded. i»l After deducting the special subsidy of .'.I in Ontario 



I 



OCT. - NOV. 1944 



94 



IX— MUNICIPALITIES": OUTSTANDING DEBT" 

Millions of Dollars 



TYPE OF DEBT BY CLASS OF MUNICIPALITY 



lendar Year End' 3 ' 



ded Debt 

ols (Gross) 
:tropolitan . 
her Urban. . 
ral 



rOTAL . 



iways (Gross) 
•tropolitan . . . 
jier Urban .... 
ral 



1941 



1942 



OTAL . 



r (ex. Utilities) (Gross) 

tropolitan 

ler Urban 

al V 



lOTAL. 



Sinking Funds 

I ropolitan 

',r Urban 

al 



OTAL. 



c Utilities (Net) 

ropolitan 

er Urban 

al 



108.4 
81.5 

13.5 

203.4 



136.8 
88.9 

11.8 



23^ 



341.9 
14(3.3 

17.7 



OTAL 

T 

)NDED DEBT (Net) . 

INTEED (Net) 

ropolitan 

er Urban 

al 

DTAL 

t & Guaranteed 

)NDED DEBT (Net) 

Loans 

ropolitan 

'X Urban 

il 

)TAL 

Outstanding 

SBT (Net) 

opolitan 

r Urban 

1 

Total 



505.9 



117.2 

71.9 

4.3 

193.4 



116.2 

91.4 

8.5 

216.1 
969.5 




45.2 
14.5 
29.5 

89.2 



680.9 

353.0 

76.9 

1,110.8 



106.5 
76.2 
12.6 

195.3 



129.6 
85.4 
10.2 

225.2 



331.5 
143.5 

17.4 

492.4 



120.2 
69.4 

4.4 

194.0 



108.1 

79.9 

7.9 

195.9 

914.8 



48.7 

2.2 

.1 

51.1 

965.9 



35.8 
10.2 
26.3 



72.3 



640.0 

328.0 

70.2 



1,038.2 



1943 

(Est.) (« 



99.1 
75.2 
12.1 

186.4 



124.6 
81.0 

7.8 

213.4 



328.6 

133.6 

16.2 

478.4 



118.6 
67.6 

4.0 

190.2 



100.N 
74.8 

7.1 

182.7 
870.7 



46.4 

2.0 

.1 

48.5 
919.2 



25.5 
9.3 

25.1 

59.9 



606.3 

308.4 

64.4 



979.1 



1944 

(Est.) (4) 



101.4 
68.1 
10.9 



180.4 



108.4 

77.4 
6.8 



192.6 



294.9 

125.7 

15.5 

436.1 



70.4 
63.4 

4.1 

137.9 



97.9 

70.3 

6.7 

174.9 

846.1 



45.5 

2.0 

.1 

47.6 
893.7 



1.0 
6.0 

22.4 

29.4 



578.7 

286.0 

58.4 

923.1 



TOTAL BY CLASS OF MUNICIPALITY & PROVINCE 



Calendar Year End (3) 



Total Outstanding 
Debt (Net) 

Metropolitan 

Quebec 

Ontario 

Manitoba 

British Columbia. . . . 

Total 

Other Urban 

Prince Edward Island 

Nova Scotia 

New Brunswick. 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. . . 

Totai 

Rural 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. . . . 

Total 

All Municipalities 
Prince Edward Island 

Nova Scotia 

New Brunswick ... 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. . . 

Total 



1941 


1942 


1943 

(Est.) (4) 


348.7 


335.3 


322.3 


200.9 


183.1 


170.3 


56.4 


50.3 


46.0 


74.9 


71.3 


07.7 


680.9 


640.0 


606.3 


2.6 


2.6 


2.4 


21.2 


20.2 


18.6 


15.3 


14.1 


13.0 


112.9 


109.7 


106.9 


106.3 


93.7 


S5.1 


3.3 


2.8 


2.4 


28.5 


25.2 


22.8 


44.7 


42.2 


40.3 


18.2 


17.5 


16.9 


353.0 


328.0 


308.4 


1.6 


1.5 


1.3 


4.3 


4.2 


3.8 


11.3 


10.7 


10.0 


22.0 


IS. 2 


16.2 


6.6 


6.0 


5.6 


25.7 


24. S 


23.8 


2.2 


1.9 


1.2 


3.2 


2.9 


2.5 


76.9 


70.2 


64.4 


2.6 


2.6 


2.4 


22.S 


21.6 


20.0 


19.6 


18.4 


16.8 


472.9 


455.7 


439.2 


329.1 


294.9 


271.5 


66.4 


59.1 


54.0 


54.2 


50.0 


46.6 


46.9 


44.2 


41.5 


96.3 


01.7 


87.1 


1,110.8 


1,038.2 


979.1 



1944 

(Est.) (4) 



313.3 

156.2 
43.6 
65.6 

578.7 



2.2 

17.3 

11.8 

101.8 

75.0 

2.2 
21.2 
38.4 
16.1 

286.0 



1.2 
3.9 
9.6 

12.2 
5.2 

23.0 

.9 

2.4 

58.4 



2.2 

18.5 
15.8 
424.8 
243.3 
51.0 
44.2 
39.3 
84.0 

923.1 



(1) Including School Corporations. (2) Including principal past due and unpaid. 
Sources: Reports of Provincial Departments of Municipal Affairs and of Education; 
records of the Dominion Bureau of Statistics and Citizens Research Institute of 
Canada. (3) Or the fiscal year nearest the calendar year. (4) Estimates based 
on sample Municipal returns received by the Dominion Bureau of Statistics. 



95 



OCT. - NOV. 1944 



Millions of Dollars 



X— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS'*' <i> 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 
Ex-Gold 


Retained 
Imports 
Ex-Gold 






U.K. 
(2) 


Other 

British^) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries") 


Excess of 
Exports 


Calendar Years 

1937 


147 


89 


490 


82 


809 


15 


794 


382 


1938 


119 


67 


425 


67 


677 


11 


666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1 ,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1,346 


496 


1942 


117 


114 ' 


1,305 


65 


1,600 


22 


1,579 


970 


1943 


100 


104 


1,424 


73 


1,701 


30 


1,671 


1,443 


12-Months Ending 

Oct., 1944 


94 


114 


1,471 


89 


1,768 


44 


1,724 


1,844 


Monthly 

1943— May 


9.3 


13.5 


124.0 


4.4 


151.1 


2.7 


148.4 


114.7 


June 


8.1 


9.8 


121.1 


6.1 


145.2 


1.9 


143.2 


118.1 


July 


10.8 


9.3 


120.0 


7.3 


147.4 


2.9 


144.5 


169.1 


Aug. 


8.7 


7.7 


124.9 


5.7 


146.9 


2.2 


144.7 


158.4 


Sept. 


7.1 


8.2 


113.5 


5.7 


134.5 


2.5 


132.0 


124.7 


Oct. 


10.1 


9.6 


134.5 


5.6 


159.7 


3.1 


156.6 


114.5 


1944— May 


10.9 


1 1 .3 


127.0 


7.7 


156.9 


2.5 


154.4 


223.3 


June 


8.5 


10.9 


122.2 


10.0 


151.5 


2.8 


148.7 


205.3 


July 


5.2 


10.1 


124.0 


8.4 


147.8 


3.1 


144.7 


140.5 


Aug. 


3.6 


6.7 


138.3 


7.8 


156.3 


2.2 


154.2 


112.9 


Sept. 


5.6 


9.3 


135.0 


7.7 


158.2 


2.7 


155.5 


117.9 


Oct. 


15.1 


13.7 


121.4 


6.9 


157.0 


4.5 


152.5 


169.9 



Millions of Dollars 



2. MERCHANDISE EXPORTS'*' <» < 4 > 







TOTAL EXPORTS (Excludi 


nft Gold) TO 




Net 
Non-Monetary 
Gold Exports 


Total Exports 




U.K. 


Other 
British^) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries 


Including Net 

Non - Monetary 

Gold 


Calendar Years 

1937 


3S4 


107 


3S2 


158 


1,031 


145 


1,176 


1938 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


573 


63 


1,638 


204 


1,842 


1942 


742 


625 


886 


111 


2,364 


184 


2,548 


1943 


1,033 


558 


1,149 


232 


2,971 


142 


3,113 


12-Months Ending 

Oct., 1944 


1 ,250 


519 


1,294 


389 


3,453 


115 


3,568 


Monthly 

1943— May 


95.5 


53.1 


88.7 


13.3 


250.6 


12.5 


263.1 


June 


105.6 


37.2 


90.9 


15.5 


249.2 


12.2 


261.4 


July 


124.4 


55.2 


90. S 


33.2 


303.6 


10.0 


313.6 


Aug. 


111.8 


58.2 


91.2 


31.7 


292.9 


10.2 


303.0 


Sept. 


77.7 


41.0 


94.0 


32.3 


244.9 


11.8 


256.7 


Oct. 


73.4 


4S.2 


112.8 


25.4 


259.8 


11.3 


271.1 


1944 -May 


140.2 


51.1 


131.9 


45.2 


368.4 


9.4 


377.7 


June 


127.9 


56.9 


111.2 


47.2 


343.2 


10.9 


354.0 


July 


104.9 


51.3 


98.8 


23.7 


278.7 


6.6 


285.3 


Aug. 


90.2 


43.6 


85.9 


37.3 


257.0 


10.0 


267.1 


Sept. 


94.4 


28.0 


110.5 


31.7 


264.6 


S.7 


273.4 


Oct. 


112.6 


41.4 


123.1 


36.9 


314.0 


8.4 


322.4 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics on pages 
73-74 of the Aug.-Sept. 1944 issue. (1) For earlier years, see pages 18-19, Dec. 1941- Jan. 1942 issue. 

(2) In the case of imports from the United Kingdon, does not include articles imported for the use of the armed forces of the United Kingdom, nor 
articles admitted free under Order in Council. 

(3) Includes Egypt. 

(4) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 



OCT. - NOV. 1944 

XI— CANADIAN BALANCE OF INTERNATIONAL PAYMENTS : 1937-43 

ESTIMATED NET CURRENT ACCOUNT BALANCES 

Dominion Bureau of Statistics* 



96 



Millions of Canadian Dollars 



1937 



1938 



1939 



1940 



1941 



1942 



1943 



All Countries 

Merchandise Trade (Adjusted) 

Net Exports of Non-monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items** 

Total 

United Kingdom 

Merchandise Trade (Adjusted) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items** 

Total 

Other Empire 

Merchandise Trade (Adjusted) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items** 

Total 

United States 

Merchandise Trade (Adjusted) . . . . 
Net Exports of Non-monetary Gold 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items** 

Total 

Other Non-Empire Countries 

Merchandise Trade (Adjusted) 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items** 

Total 



265 

145 

79 
226 

25 

58 

180 



195 

161 

63 
241 

10 

68 

100 



193 

184 

68 

249 

17 
53 

126 



196 

203 

61 

261 

6 
56 

149 



468 

204 

90 
226 

18 
63 

491 



1,109 

184 

55 
203 

7 

37 

1,101 



1,471 
142 

52 

202 

(i 
251 

1,206 



237 

5 

83 

5 

9 

135 



21 
1 

3 
3 



24 



218 
7 



127 



40 



44 



226 

4 

76 
2 

7 

137 



33 



39 



409 

3 

72 

28 



343 



54 

1 
12 
11 

76 



62 

82 
63 



734 



1,308 



45 

73 

1 1 3 



1,223 



42 

1 

1 

29 



1 

5 

33 



71 



46 



145 
84 

180 
23 
31 

77 



79 

1 

34 




132 
161 

68 

193 
16 
37 

149 



69 

2 

30 

3 

20 

78 



L28 

184 
70 

193 
15 
34 



116 



62 
2 

19 
6 

11 



66 



278 
203 

58 

204 

29 

42 

292 



11 

16 
5 



22 



:; -i l 

204 

89 

175 

(17 

25 

318 



i 
1 
12 
2 
4 



205 

184 

55 

172 
87 
45 

180 



13 

2 





12 



1,536 

1 
. 47 

88 
427 

1,149 



27 



13 

27 



67 



87 

142 
53 
171 
110 
154 

19 



16 
3 
5 



* The above estimates are taken from "The Canadian Balance of International Payments, 1937 to 1943" recently released by the Dominion Bureau of 
Statistics. See also, pages 73 and 74 of the August-September, 1944 issue of the Statistical Summary and similar tables for earlier years. 
** During war years "Other Current Items" include Canadian war expenditures overseas within the British Empire and receipts from abroad for war 
services. For details see page 19, "The Canadian Balance of International Payments, 1937 to 1943". 



97 



INDEX 1944 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 



Charts 



Agriculture 

Dairy Products: cash income 25, 81 

exports: value 17 

Field Crops: cash income 25, 81 

Grains: acreage & production 44, 80 

See also Grain & Products and Wheat 
Income — see Farm Income 

Livestock: cash income 25, 81 

See also Cattle & Meats 
Prices — see individual commodities or groups 

or Wholesale Price Indexes 
See also individual commodities or groups 



26 

25, 26, 82 

25, 26, 82 



Aluminium 

Exports: value 17 



Asbestos 

Production: value & volume 



31 



B 

Balance of International Payments 

Estimates: net current account balances 96 

with Empire and non-Empire countries 73, 74 

Bank Loans — See Chartered Banks and Federal Reserve System 

Bank of Canada 

Assets M 

Assets & Liabilities Mar. 1935 to Jan. 1944 1, 2, 3, 4 

Deposits M, 51 

Foreign Exchange M,51 

Investments M, 51 

Liabilities M 

Note Circulation— see also Note Circulation M, 51 

Reserve M. 51 

Banks 

Canada- sec Bank of Canada and Chartered Banks 
U.S.A.— see Federal Reserve System 



Bond Issues 

New Issues: Canada 

U.S.A 

Retirements 

Summary of Changes in Currency of Payment . 
Sec also Government Bonds 



13. 41, 71 



13, 41, 71 

14, 41, 71 



18, 64 



Building Materials 

Wholesale Price Index 
See also Construction 



76 



Br si ness Activity 



M 






INDEX 1944 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

c 

Canadian National Railways 

Bonds Outstanding: total gtd. and ungtd. by currency of payment . 14 

Deficit 53 

Loans from Dominion 53 

New Issues — see Bond Issues 

Retirements — see Bond Issues 

Sinking Funds 14 

Capital Issues — See Bond Issues 

Carloadings 

Volume M 

Cash (Chartered Banks) M . . . 20,34,48,66,84 

Cash Income — See Farm Income and National Income 

Cash Ratio (Chartered Banks) M 

Cattle & Meats 

Exports: value 17 

Central Electric Stations — See Electric Power 

Chartered Banks 

Assets M 

Assets & Liabilities, Jan. 1935— Dec. 1943 . . . . ' . . 5, 6, 7, 8 

Cash M .... 20,34,48,66,84 

Cash Ratio .... M 

Deposits: annual classification .9 

demand and time . M, 51 ... 9, 21, 35, 49, 67, 85 

total M, 51 . . 19, 20, 21, 22, 33, 34, 

35, 36, 47, 48, 49, 50, 
65, 66, 67, 68, 83, 84, 
85,86 

Investments M, 51 . 22, 36, 50, 68, 86 

Liabilities M 

Loans: annual classification 10 

current M .... 10 

total M, 51 ... 22, 36,50,68,86 

Note Circulation — see also Note Circulation M, 51 

Security Holdings — see Investments (above) 

Chemicals & Allied Products 

Exports: value 17 

Imports: value 45 

Clothing 

Retail Price Index ■ 27, 56, 92 

Retail Sales Index 28, 77 

Coal 

Imports: value 46 

Production: value & volume 31 

Construction 

Contracts Awarded: value: residential 26, 42, 55, 75 . 75 

total 15 

Copper 

Production: value & volume 31 



98 



99 



INDEX 194- 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Corporate Finance 

Source & Use of Funds 57, 58, 59, 60, 61 

See also Bond Issues 

Corporate Profits .. 39, 40, 57, 58, 59, 

60, 61, 72 

Cost of Living Indexes 

Canada: component indexes 27, 56, 92 

total 91,92 

U.S.A 18,64 

Current Loans — See Chartered Banks: Loans 



D 

Dairy Products 

Cash Income 25, 81 . 

Exports: value 17 

Department Store Sales 

Index of Value M, 28, 77 

Deposit Certificates 

Amount Outstanding 13,41,54,71 

Net New Issues or Retirements 13, 41, 71 

Deposits — See Bank of Canada, Chartered Banks and 
Federal Reserve System 

Dividends — Sec Interest & Dividends 

Dominion Finance — See Public Finance 



26 



E 

Earnings 

Manufacturing Industries: value 92 

See also Payrolls 

Electric Power 

Production: volume M 

Employment 

Index: by industries 29, 62, 90 

total M, 29, 62, 90 

Numbers: by industries 29, 62, 90 

Exports — See External Trade 

External Trade 

Balance of Merchandise Trade — see Merchandise (below) 

Capital Receipts & Payments 73, 74 

Current Account Items 73, 74, 96 

Exports: value: by commodities 17 

by countries 30, 63, 95 

Imports: value: by commodities 45,46 

by countries 30, 63, 95 

Invisible Items 73, 74, 96 

Merchandise Trade Balance 30, 63, 95 

Merchandise Trade in Balance of International Payments . • . 73, 74, 96 

Re-exports: value 30, 63, 95 

Retained Imports: value 30, 63, 95 

Tourist Trade: receipts & expenditures 73, 74, 96 



INDEX 1944 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

F 

Farm Income 

Canada: by products 25, 81 25, 26, 82 

by provinces 81 

U.S.A.: index 18, 64 

Farm Products 

Exports: value 17 

Wholesale Price Index: Canada M 

U.S.A M 

See also individual commodities or groups 

Federal Reserve System 

Deposits 18, 64 

Investments 18, 64 

Loans 18, 64 

Reserves 18, 64 

Field Crops 

Cash Income 25, 81 . .25,26,82 

See also Fruits & Vegetables and Wheat 

Food Products 

Retail Price Index 27, 56, 92 

Retail Sales Index 28, 77 

Wholesale Price Index: Canada M 

U.K M 

U.S.A M 

Foreign Exchange Control Board 53, 54 

Foreign Trade — See External Trade 

Fruits & Vegetables 

Imports: value 45 

Fuel & Lighting 

Retail Price Index 27, 56, 92 

Funded Debt — See Public Finance 

Furniture 

Retail Price Index 27, 56, 92 

Retail Sales Index . 28, 77 

G 

Gold 

Non- Monetary: exports: value 17, 30, 63, 73, 74, 

95, 96 

Total: production: value 31 

volume M, 31 

Government Bonds 

Amount Outstanding: by currency of payment and issuing body . . 14 

New Issues 13, 41, 71 

Prices, Yields: domestic: Canada M . . . . M 

U.K M . 12,24,38,70,88 

U.S.A M- . 12, 18,24, 38, 64, 70, 

88 

Retirements 13, 41, 71 

Sinking Funds 14 

See also Public Finance: Dominion: Debt 



ram 



100 



101 



INDEX 19- 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Government Finance — See Public Finance 

Grain & Products 

Exports: value 17 

Imports: value 45 

Grains 

Acreage & Production 44, 80 

See also Wheat 

I 

Imports — See External Trade 

Income — See Corporate Profits, Earnings, Farm Income, 
National Income and Payrolls 

Interest & Dividends 39, 40, 57, 58, 59, 

60, 61, 72, 73, 74, 96 

Iron 

Imports: value 45 

Production: value & volume 32 

Iron & Steel 

Exports: value 17 

Imports: value 45 



Lead 

Production: value & volume 32 

Livestock 

Cash Income 25, 81 ... 25, 26, 82 

See also Cattle & Meats 

Loans — See Chartered Banks and Federal Reserve System 

M 

Machinery 

Imports: value 45 

Magnesium 

Production: value & volume 32 

Manufactures 

Production Index: U.S.A 18, 64 

Wholesale Price Index: Canada M 

U.S.A M .... 18, 64 

See also individual commodities or groups and Business Activity 

Mercury 

Production: value & volume . . . .32 

Metals 

Production: value & volume 31, 32 

Minerals 

Production of Certain Minerals: value & volume 31, 32 

Money 

Volume 51 

See also Bank of Canada and Chartered Banks 

Municipal Finance — See Public Finance: Municipalities 

Mutual Aid 53, 73, 74 



I INDEX 1944 102 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

N 

National Debt — See Public Finance 

National Income 

U.S.A. Index: paid out 18,64 

See also Corporate Profits, Earnings, Farm Income and Payrolls 

Natural Gas 

Production: value & volume 31 

New Issues — See Bond Issues 

Newsprint 

Canada: exports: value 17 

production: volume M, 16, 43, 78 

North America: supply, consumption & stocks 16, 43, 78 . . 43, 78 

Nickel 

Exports: value 17 

Production: value 31 

volume 31, 75 

Non-Ferrous Metals 

Exports: value 17 

Imports: value 46 

Production: value & volume 31, 32 

Non- Metallic Minerals 

Exports: value 17 

Imports: value 46 

Production: value & volume 31, 32 

Note Circulation . 

Bank of Canada M 

Bank of Canada Active & Chartered Bank M .... 19, 33, 47 , 65, 83 



Paper 

Imports: value 46 

See also Newsprint 

Payrolls 

By Industries . . 29, 62, 90 

Index M 

Petroleum 

Imports: value 46 

Production: value & volume 31 

Power — See Electric Power 

Prices — See individual commodities or groups or Cost of Living, 
Retail Price Index, and Wholesale Price Indexes 

Production — See individual commodities or groups, or 

Business Activity, Electric Power, and Manufactures 

Profits — See Corporate Profits 

Provincial Debt — See Public Finance: Provinces 









103 INDEX IS 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Public Finance 

Canadian National Railways — See Canadian National Railways 

Dominion 

Balance at Bank of Canada M, 51 

Bonds — see Debt (below) and Government Bonds 

Cash Requirements 53 

Debt, Funded: direct & guaranteed: by currency of payment . . 14 

direct (net) 54 

sinking funds 14 

see also Government Bonds 
Deposit Certificates — see Deposit Certificates 

Expenditure: by items . . . ■ 53 

Investments 53 

Loans 53 

New Issues — See Bond Issues 

Repatriation of Dominion Bonds Payable in London ... 53 

Retirements — see Bond Issues 

Revenue: by items 54 

Sinking Funds 14 

Taxes: collections: by items 54 

Treasury Bills — see Treasury Bills 

War Expenditure 53 

War Savings Certificates & Stamps 54 

Dominion & Provinces 

Grants-in-aid: old age pensions 53 

relief -.53 

Subsidies 53 

Municipalities 

Debt Outstanding: by class of municipality and province . 94 

Expenditure 93 

Revenue 93 

Sinking Funds 94 

Tax Receipts 93 

Provinces 

Debt Outstanding: direct & guaranteed: by currency of payment 14 

See also Government Bonds 
New Issues — see Bond Issues 
Retirements — see Bond Issues 
Sinking Funds 14 

R 

Raw Materials 

Wholesale Price Index: Canada M 

U.S.A M .... 19, 64 

Rent 

Index 27, 56, 92 

Retail Price Index 28, 77 ... 28, 77 

See also Cost of Living 

Retail Sales 

Index of Value 28, 77 . . . 28, 77 



Securities — See Banks, Bond Issues, Government 
Bonds and Public Finance 

Security Prices — See Government Bonds and Stock Exchanges 

Silver 

Production: value & volume 31 






flvTDEX 1944 



104 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Steel 

Production: volume 



J Stock Exchanges 

Common Stock Price Index: U.S.A. 



Tables 

M . 



Charts 

55 

18, 64 






Taxes — See Public Finance 

Textiles 

Imports: value 



Tourist Trade (International) 
Receipts & Payments 



Treasury Bills 

Canada, U.K. & U.S.A.: tender rate . . . . 
Dominion Government: amount outstanding 

net new issues or retirements 



u 



Unemployment Insurance 



46 

73, 74, 96 

M 

13, 41, 54, 71 
13, 41, 71 



53 



Vehicles & Parts 
Exports: value 
Imports: value 



Wages 

Index: U.S.A. 



w 



Rates Index: by types of labour 

total 
See also Payrolls 

War Expenditures 

By Items 

War Materials 

Exports: value .... 
Imports: value .... 

War Savings Certificates & Stamps 

Wheat 

Acreage & Production 
Cash Income .... 
Exports: volume 
Government Expenditure 
Statistical Position 



Wheat & Flour 
Exports: volume 
See also Grains 

Wholesale Price Indexes 
Canada 
U.K 



U.S.A. 



Wood Pulp & Pulpwood 
Exports: value . 



17 
45 



16, 91 



53 

17 
46 

54 

44, 80 
25, 81 



53, 54 
79 . 

79 



M 

M 
M 

17 



18, 64 

91 

92 



82 

25, 82 
79 

79 



76 
18, 64 



Zinc 



Production: value & volume 



31 



:G DEPT. JAN 151957 






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